Technical analysis by WaveRiders2 about Symbol SHIB: Buy recommendation (10/13/2024)

On the 4H chart, Shiba shows a return to the right shoulder of a “Head & Shoulders” pattern. The price is near a significant resistance level. If this resistance is broken, the next target is at the upper resistance level.Trading Scenario:• Long: If the resistance is broken, aim for the next resistance level to take profits.• Short: If the price is rejected at the resistance, a pullback to lower levels is possible.