Shiba Inu (SHIB): Looking To Fill That Bullish CME Gap

[chainsniff]

SHIB is inside a somewhat sideways channel where, after the dip on Monday, we formed a huge CME gap. This kind of movement is not the first time we see, and usually after forming such a CME gap, price likes to move in a sideways range (with some liquidity grabs), where eventually price recovers and fills that CME gap.

So that’s the plan here as well. The red zone is the buy area (use it as a DCA zone), and if price closes below the orange zone, we are out of this trade.

[etfs]

classic cme gap play. sideways consolidation + dca in the red zone makes sense. stop below 0.6051 is key.