Shiba Inu (SHIB): Waiting For Buyers To Break 200 Moving Average
SHIB / TETHER Standard Futures BINGX:SHIBUSDT.PS
Shiba had recently been rejected by 200EMA, and since getting rejected, the price has been falling and sellers are starting to show dominance, but this does not mean that we are entering yet into a bearish trend.
As we got a rejection, now we are waiting and going to monitor how the next candles will develop the structure, and based on it, we will be trading, but looking at the overall picture, we are looking for that 200EMA to be broken, after which we might be getting a good upward movement from there.
Swallow Academy
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