SharkNumbers

Shitpile Pattern: Medium Size

Long
GATEIO:FLOKIUSDT   Floki Inu/Tether
Throughout our collective experiences, we have borne witness to a multitude of intriguing market phenomena, colloquially referred to as "shitpile patterns," each bearing distinct features reminiscent of the excretory process. Within the realm of trading, it is not uncommon to behold such intricate dynamics within the realm of lesser-known cryptocurrencies (aka "shitcoins").

These patterns, characterized by their precipitous ascents and immediate plummeting akin to the gastrointestinal contractions, commonly known as "squeez," manifest through the prevailing pressures of market forces. Prudent traders would be well-advised to brace themselves for a moderate-scale movement, as the market has already undergone a considerable reduction in its intestinal activities. May fortune favor the endeavors of all astute traders in navigating these intricate waters.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.