Starting from February 2024, the price chart $SHIB has drawn a gigantic triangle. It is obvious that the price is currently at its lower boundary, finding support at around ~$0.00001550. If a drop occurs, we can expect a support level at ~$0.00001240 and then an even stronger one at ~$0.00001050. The buying forces are not visible yet, and the indicators remain on the sellers' side, but if a drop does happen, a rebound from the indicated levels is quite expected.
If you believe in a long position, then it is still possible to enter with a portion of your deposit. In a bullish scenario, we await resistance levels of ~$0.00002080 and a more significant one at ~$0.00002376. Honestly, I still believe more in a bullish scenario since there are some prerequisites...
Plan A (bullish) and Plan B (bearish) are roughly outlined on the chart:
P.S.
At the time of writing the post $SHIB trading at $0.00001594
If a miracle happens, for example, a double rainbow appears in the sky, we are flooded with positive news, and Musk creates a subsidiary department S.H.I.B, then #Shibalnu it will storm the level of ~$0.00003200, but from there only into space 🚀😀
