Never put anything in SHIB but been watching the pumps on the sidelines with TA.
Shills tried hard to keep fomos in, restraining the inevitable Wave B of EW.
Here is an almost symmetrical triangle with strength from the bears at the tops, which are supply zones to challenge after wave C completes in a few days minimum before re-accumulation can commence.
Those still holding on after seeing the loss in momentum on the 4-hr Bollinger Bands as mean reversion takes place to the 20MA (4hr) are in for a drop to 0.00003200 or more, before slowing down at 0.00003000.
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Meh. Apes be strong but are they strong enough to overturn 4250sats?
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15-minute bearish doji engulfed. Might just be noise but one rule of thumb after a high:
1. A supply range is established by the topping candles. 2. Supply range gets tested at least once. 3. Usually breakout happens after a 2nd retest of supply.
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Momentum died after poking at the supply Fib top.
Sell signal at bearish engulfing doji candle, later forming a head and shoulders on 15minute chart.
Entered short on 0.00004269.
Trade closed manually
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Accumulation pattern confirmed 7am GMT.
Final supply test 8:30am and subsequent breakout impulse.
I bought super low so very grateful for the huge return - if anyone is thinking about buying do so on a big pull back, short term buy target at .000026 and large trend buy at .000017
sqr00t
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@ashtrish22, that sounds more reasonable, 3000 sats looks nice if theres consolidation there anyways. If shib goes back on pump mode here the entire market will crash,
so tbh glad theres resistance at this point.
USalliencoin
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I believe there will be a down trip back to the 3000 any moment before go back up too late to enter now
sqr00t
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@USalliencoin, but apes hodl strong, they don't care about time value if they buy the top and hodl
sqr00t
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@USalliencoin, little do they know institutions hold a long term "neutral" position and arbitrage to keep making profits all the time, while apes just wait hopefully for a pump