TheTravel1ngTrader

SHIBA INU (SHIB) at critical support! Will we moon from here?

Long
BINANCE:SHIBUSDT   SHIB / TetherUS
SHIB/USDT is sitting at the 100 MA after forming a long descending channel (bull flag on the weekly). There is major bullish divergence between the price and RSI and the market has already showcased its support on the S1 pivot when $SHIB wicked to exactly that level on December 4. I would still set an SL at 0.0000275. Short term PT at 0.000053 and 0.00007.

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