🚨 NEW SIGNAL ALERT 🚨
🪙 Coin Name: #SHIB/USDT 4h
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In the 4-hour timeframe chart for SHIB, an ascending channel chart pattern has formed. This pattern typically suggests a bullish trend, with the price oscillating between two parallel trendlines. However, when considering the Relative Strength Index (RSI), which measures the magnitude of recent price changes to evaluate overbought or oversold conditions, a bearish sign emerges. The RSI indicates that the momentum behind the price movement is weakening, signaling potential downward pressure. Moreover, the price has broken below the resistance line of the ascending channel, further reinforcing the bearish outlook. Therefore, combining the ascending channel pattern with the bearish RSI signal and the breakout below the resistance line, it suggests a bearish sentiment for SHIB in the near term.
Entry: 0.00002553 - Market Price
Signal Type: short
Take Profit-
🎯$0.00002393
🎯$0.00002278
🔒 Leverage: 20x
⛔ Stop Loss at: $0.00002684
Don't miss out on this opportunity! 💸
