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Before SHIBA rallies to $0.000085, Shiba Inu offers a reduced buy chance.
The price of the Shiba Inu falls below a double-bottom Point and Figure pattern, but the downside pressure eases.
The bar for a bullish breakthrough has been lowered, improving the chances of a long-term bullish trend.
Although there are still concerns, they are becoming less common.
Shiba Inu price movement indicates signs of easing selling pressure and the formation of a new swing bottom. If this is verified, Shiba Inu will attempt a new breakout above the bear market trendline.
The Shiba Inu price is seeing sellers pull back, giving bulls a chance.
The price of the Shiba Inu continues to find resistance from the bear market trendline (red diagonal trendline). Buyers have attempted to push Shiba Inu above the bear market trendline on many occasions, but each attempt has met with resistance. However, a breakthrough higher might happen shortly.
With a buy stop order at $0.0000500, a stop loss at $0.0000400, and a profit goal of $0.00008500, Shiba Inu has a potential long opportunity. The entrance is great because it triggers two actions at the same time: first, it breaks over the current Volume Point Of Control. Second, the entry meets all of the…
