Bitking786

Shib short term view, is there any room for more up side??

BINANCE:SHIBUSDT   SHIB / TetherUS
SHIB analysis:

SHIB is forming a triangle after the massive pump. SHIB is now reaching the decision zone of the triangle and we will see a breakout soon on either side. The resistance to keep and eye is 2980-3920 (four zeroes before this) and if SHIB break and hold this resistance then we see more dump in SHIB. If SHIB break the triangle downwards then we see more dump. The support is 2450-2520 and 2000-2050 area.

SHIB is now at 17th rank by marketcap and has a very high supply. So buying SHIB now is not a good investment. Only invest 1-2% of total portfolio in SHIB if you want to.

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