Shiba Inu to see a 3.5% bounce, here's why

Shiba Inu sank to the low at $0.00000673 on Thursday but has seen a small positive reaction. Data from Hyblock showed Liq CVD was massively bearish, meaning a move upward to liquidate bears would cause a lot of pain and allow a lot of liquidity to be captured before the next true move downward. This bounce is what traders can look to an intraday trade on.

Entry: $0.00000676


Take-Profit: $0.00000703 (target set on Hyblock liq levels as well as the short-term range that SHIB could have formed)


Stop-loss: $0.00000666 (or tighter)


R:R- 2.5

Comment:

While we didn't get a retest of the entry zone, the move went to the target and beyond