🔥 SHIBA Preparing For Break Out

Over the last week, SHIB has seen an almost 50% increase in value. With SHIB closing in on the strong local resistance at 850 (omitting the zeroes for readability), a strong move is expected.

The main coin to look at will be Bitcoin. If BTC manages to make a strong bullish move, alts will follow. Same goes for the opposite. Therefore, I'm looking at alts with a higher potential of making a strong break out move, like Shiba in this case.

In case of a bullish break out, I'm targeting the 930 area. In the bearish case, 700 would be my near term target.

Happy trading!