Technical analysis by sirkamal about Symbol SHIB: Sell recommendation (2/9/2025)

Shiba Inu AnalysisShiba Inu has recently experienced a downtrend, breaking through a significant support level. Currently, it appears to be retesting this level; however, this remains unconfirmed until the candle closes. In my view, it would be prudent to await the closure of the current candle before contemplating a short position. I also believe that the pair is still aligned with the broader downward trend and has yet to complete its downward movement. I would be interested in hearing your perspective on Shiba Inu's current market behavior. Please remember that market conditions can change rapidly, and it is essential to conduct thorough analysis and consider risk management strategies before making any trading decisions. Cheers!