However, after rejecting the blue zone, SHIB got stuck inside a range in the shape of a symmetrical triangle in red.
The bears are clearly exhausted but that doesn't mean that the bulls are in control just yet.
Trigger => For the bulls to take over, we need a momentum daily candle close above the gray area, which is covering the entire structure/range.
Meanwhile, until the buy is activated, SHIB would be stuck inside a range, and short-term traders can look for buy setups as it approaches the lower red trendline.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
