Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

SHIB has been overall bearish for a while making lower lows and lower highs. The bears were aggressive pushing price lower making big impulse movements.

However, after rejecting the blue zone, SHIB got stuck inside a range in the shape of a symmetrical triangle in red.

The bears are clearly exhausted but that doesn’t mean that the bulls are in control just yet.

Trigger => For the bulls to take over, we need a momentum daily candle close above the gray area, which is covering the entire structure/range.

Meanwhile, until the buy is activated, SHIB would be stuck inside a range, and short-term traders can look for buy setups as it approaches the lower red trendline.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich