$SHIB Oversold is approaching with the RSI at 37. This can improve recovery efficiency to some extent.

However, it is still noteworthy that it exhibits a weak acceleration.

The MACD line is in the negative zone and moving downwards. The decline loss in the histogram.

There is no strong buy signal yet. It is above the MA(5) and MA(10) prices, but resistance seems to persist.

It is useful to pay attention to the MA(5): 0.00002649 and MA(10): 0.00002583 levels.

Stochastic RSI is at 5 and in oversold territory. This increases the likelihood of the desired response occurring in a short time. If the price hovers around the lower Bollinger band, it may indicate that it is looking for support.

In case of a recovery from this level, the first resistance point will be the Bollinger middle band (0.00002779) and MA levels. However, the general downward trend seems to continue. Therefore, it will be important to monitor volume and price movements before trading. IT IS NOT INVESTMENT ADVICE.#SHIB #MarketPullback #MarketBuyOrHold? #BinanceSquareFamily