SHIB is in a big value area. It is worth highlighting the lower boundary of this range, which acts as a key level. Price has tested this level many times. With each test, support is weakening and a breakout may occur soon.
In the case of a squeeze and breakout, there could be a good opportunity to sell.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.