SHIBUSDT Poised for Upward Momentum Amid Accumulation Phase**
#SHIBAUSDT #shiba⚡ #SHIB، #Write2Earn! #BinanceSquareFamily
SHIBUSDT has fulfilled recent forecasts, reaching its target zone. The formation of a double bottom pattern sparked an upward move, followed by the creation of an equal high, signaling market consolidation. This setup suggests a potential upward surge as SHIB enters an accumulation phase.
Technical Analysis Highlights :
- Pattern : Double bottom followed by consolidation
- Current Phase : Accumulation with gradual pullbacks, showing strong buying pressure
- Target : Resistance zone at $0.00002050
On the daily timeframe, SHIBUSDT demonstrates bullish impulse moves, hinting at continuous buyer interest. Anticipated market behavior includes a dip below the previous daily low to capture liquidity before retesting the resistance above the equal high.
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Conclusion and Advice : Traders should watch for confirmation of upward momentum and consider potential entries post-pullback. Always practice risk management, as the market's next move could still face resistance at key levels.