CoreCrypto1

IS SHIBA INU BULL RUN OVER OR STILL SOME FUEL LEFT?

Long
BINANCE:1000SHIBUSDT.P   1000SHIB / TetherUS PERPETUAL CONTRACT
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Welcome to this SHIB/USDT Update. SHIBA INU was the hottest and most profitable cryptocurrency of 2021. Currently, it is almost 70% down from its ATH and trading around $0.28

Right now it's trading inside bull flag structure and bouncing off from its middle line. If Shib breaks and closes below this midline of the bull flag then it might touch the bottom line and we can expect more downside.

If you want to buy SHIB then you can buy some in the given range with a tight SL.

Entry range:- $0.27-$0.285

Target:- 200-300%

SL:- $0.26

If SHIB breaks the middle line and hit our SL then my next buying zone is around $0.2-$0.22 with an SL of $0.18

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Also, share your views in the comment section.

Thank You!

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