Step 6 - Go to the Beach! 🏖️

😽International cats day yesterday so let's start with something meaningful:

Love and protect animals. We share this planet with them and we tend to be the nasty species. The stupid humans we are, polluting and shitting all over the place till we destroy it together with all life.... we are the 'animals' my fellow humans

Now let's talk crypto:

It all starts with the usual Fomo (Fear of missing orgasms) when Shiba pumps on major news (Shiba going De-fi with Shibarium and Binance gives it a nice boost, check links below).

First thing i do is check fundamentals. They are many and positive (links below) so i say 'Yes, we need to get on this..but how?'

Step 1:
Not eating the FOMO (fear of missing out...)
FOMO is real and is always a bad actor. The beauty of crypto is that you NEVER EVER miss the train! There are always stops to get on the train, in both directions.

Step 2:
Given this I was quite comfortable to take a calculated Short position while some Shiba holders where taking their profits!
Short to 0.0000090 instead of fomo-ing with a tight stop loss and controlled risk.

Step 3:
Taking profit (x6 the risked margin)
I always follow my charts and sometimes i am right, sometimes I am wrong. Close to 0.0000090 was an area that had to be checked as support. And it did. That was time to take profit from short position and finally look for a Long entry which was the Goal.

Step 4:
Time to go Long. That was the plan after knowing the fundamentals. Ethereum dog is a key player, can go strong and i was finally ready to Buy my shares in it. Only this time it was with a x6 budget.
As always the chart is my map to the treasure. Going Long with a calculated risk, on support 0.00000880 and a stop loss just below that
*I am no God, this actually worked the second time! And that's the beauty of it.

Step 5:
Taking profit back to where it all started. If we had entered spot we would had been at break even. Instead we are at a 6x6= 36
ALWAYS secure profit. Thus closing half position while still another half remains open. Always take some profit if the markets have been nice to you. Always leave something open just in case you feel the Fomo again (welcome to crypto!)!

Step 6:
Going to the beach for a break. Unfortunately i don't have a dog but there are other animals there to keep me motivated. Mostly female humans in bikinis.

In the meantime Shiba might take a break now before eventually probably rising to 0.0000111 with a possible new retracement to 0.0000095.

Who cares now? Job is done:
✔️Profit has been taken on short
✔️Profit has been taken on Long
✔️1/2 position is still open
✔️Stop loss is on guaranteeing more profit in any case

Will Shiba go to 1$?
No, it won't. Check it's supply of a billion trillion tokens (on a serious note, the current circulating supply of SHIBA INU is 589 trillion)
Shiba is Ethereum's Dog. Vitalik and his hungry gas fed freaks will feast on anything that burns gas (your money) and makes Ethereum money. Either this is Unibot, Shiba or anything stupid like Xen, some NFTs and all the non-sense out there).
Yes, some of it is GREAT but most of it is non-sense.

Shiba will need to burn a LOT of tokens to rise over 0.0000118..if it goes there first which will depend on BTC and ALTS market in general.

One Love,

The FXPROFESSOR 😽🌭

Links/fundamentals:

Shiba Inu Takes Step to Become DeFi Contender With Digital IDs: www.coindesk.com/tec...-ecosystem-projects/

Binance approves Shiba Inu as collateral asset: cointelegraph.com/ne...-as-collateral-asset

Shibarium Launch Nears: u.today/shib-eyes-30...ibarium-launch-nears

- don't forget, I was never a big fan of shiba..was actually short for a long time:

Comment:

Outperforming the rest and following the chart nicely. take a look at our levels

Comment:

This has been an awesome trade. here is my next target

Comment:

you asked for new entry. here it is probably now is the time

Trade closed: target reached:

was an awesome trade (long then short) and i think it might catch up a breath now

Comment:

Shiba updated levels