With Less Sellers & More Buyers, Price Will Find Less Resistance Going Up
Shiba Is One Of The Top Global Coins, And Having Retraced Almost The Entire Last Wave Traders Will Be Getting Anxious To Buy. Smaller Spreads And A Deceleration Pattern Have Formed. With So Much Interest And Invested Capital, It Takes Longer To Shake Out All The Longs, But We Are Close To Having A Short Squeeze Back To .000631 Near The Green Arrow.
I'm Expecting A Congestion Zone At Current Price Level For 2-3 Days. Because of the massive capital involved, the time it takes to break out from the bear trend line, retest and move up, will be longer than most other assets. This product tends to rally fast, but this last pump could easily be a slow climb back up over 3-6 weeks.
Buy And Hold, But Trail With A Stop Below The Previous Daily Candle's Low. Risk Management Is Great At This Level.