Technical analysis by ArShevelev about Symbol SHIB: Buy recommendation (12/8/2023)

Hello dear traders! Your support means the world, so smash that like button to keep the motivation flowing! 💙💛 SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773. Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and SHIBUSDT breaking out of it is like a springboard for potential gains. For safety measures, consider setting a stop loss below 800. This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy. Here's to successful trading! If you have any questions or need more insights, feel free to ask.