The reason I'm posting this is because I DONT LIKE TO SEE NEW TRADERS GET WRECKED!
It happens a lot with coins that are hyped up without supporting fundamentals!
To any/all new traders listen, I've done it before! I've learned! I don't recommend meme coins or cryptocurrencies that have no real use cases in the world as AN INVESTMENT! IN FACT, I HIGHLY ADVISE AGAINST IT! If you're here because of the hype, most likely it's already too late!
SURE THEY PUMP SOMETIMES BUT IF YOU ARE NOT READY TO SELL WHEN IT DECIDES TO DUMP (BECAUSE IT DEFINITELY WILL) THEN YOU'RE GOING TO BE UPSET!
If you're NEW to crypto THE BEST THING you can do is just RESEARCH cryptocurrencies. Understand what makes them unique! Understand the differences between Proof-of-work (like BTC) and Proof-of-Stake (like ETH). Research DeFi coins, NFT's, along with the top 5 cryptocurrencies and get a good understanding of what they are and how they work!
NEVER INVEST IN SOMETHING THAT YOU DO NOT UNDERSTAND! Understanding the fundamentals will give you the edge when the charts look bearish BUT YOU KNOW ITS TIME TO TURN UP! You need to ask yourself HOW MUCH DO YOU THINK a certain crypto is worth without looking at a chart. You need to be able to give it a VALUE! ITS VERY IMPORTANT!
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So I DO THINK SHIBA will head higher to the 1.618 level. I NO LONGER THINK THE RED PATH WILL PLAY OUT however there COULD STILL be a small pullback before continuation to the upside! I DON'T EXPECT IT TO GO BELOW THE 0.618 level
thanks - where do you see it heading next 24-48 hrs?
drindrin
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Thank you!
lewlew
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Shib has more than transitioned from a meme coin to a fundamental coin - it has an NFT placement - also a liquidity swap - it’s more than a coin as well as a functioning utility platform - should do some more research on it. Ohh also has a rescue charity behind it
Mboersma0324
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@lewlew, Thank you for that. I haven't done as much research on it as I should!
MoonFaceMan
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This is a very easy chart to trade. It popped exactly where it was meant to. Associating with memes is silly. It jumped tight at the end of the triangle.
Mboersma0324
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@MoonFaceMan, Yes I AM beginning to think it will head up to the 1.618 level (0.00005+) sooner or later