Technical analysis by Arabian-knights about Symbol SHIB: Buy recommendation (9/23/2024)

The chart for SHIB/USDT on the 4-hour timeframe appears to be forming a potential "Double Bottom" pattern, which is typically considered a bullish reversal pattern. This pattern is characterized by two distinct lows at approximately the same price level, indicating a level of support. The price action between the two lows often forms a peak, known as the "neckline."- Entry:0.00001500 (upon confirmed breakout)- Stop-Loss:0.00001250- Take-Profit:0.00001700