Technical analysis by paper_Trader1775 about Symbol SHIB on 5/20/2025

SHIB is moving in a tight channel between 0.00001414 and 0.00001498 on the bottom of a parallel structure on the day chart, and a bearish breakout can possibly take it out of the channel to the 0.00001290 price range but a bullish breakout can possibly take it to the 0.00001700 price range. Please be careful and watch out for fakeouts.