Shiba Inu (SHIB): Targeting 200EMA | Buyers Had Strong MSB
Shiba Inu/USD Tether Perpetual Contract BINGX:SHIBUSDT.P
SHIB recently showed a good market structure break (MSB) near the local lows, where buyers showed strong dominance. Since that move, price has entered a cooldown process, which is expected after such a reaction.
What we are watching now is a proper re-test of the 200 EMA, which hasn’t been tested for quite some time. Once this cooldown phase is done, we’ll be looking for another MSB on lower timeframes (for example, 30M) to confirm continuation.
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