It can be said that shiba upward movement started on September 16 with the breaking of its downtrend line. On this day, Shiba grew by more than 25% and the remarkable point was its trading volume. But October has been a dream month for Shiba. This month, Shiba was able to grow more than 1,000 percent and record a new ATH.
After each Sharpe movement, we should expect price correction along with time correction.
Currently, price correction has been done in Shiba, but time correction is not over.
As I have shown in the chart, almost 130 days have passed since Sharpi's uptrend to show the first positive movements with a relatively good volume.
In the current correction, Time Zone Fibonacci and the historical past of the correction period, approximately the first week of March for Shiba's new ascent.
the question may arise at what price to buy Shiba?
There is a strong support area in the price range 23 to 27. So the price of 27 can be suitable for a purchase step, which can be purchased at a price of 23 if further correction. But it should be noted that if the support of 23 is broken downwards, the price can experience a sharp decline. So it is better to always observe risk management and stop loss.
After each Sharpe movement, we should expect price correction along with time correction.
Currently, price correction has been done in Shiba, but time correction is not over.
As I have shown in the chart, almost 130 days have passed since Sharpi's uptrend to show the first positive movements with a relatively good volume.
In the current correction, Time Zone Fibonacci and the historical past of the correction period, approximately the first week of March for Shiba's new ascent.
the question may arise at what price to buy Shiba?
There is a strong support area in the price range 23 to 27. So the price of 27 can be suitable for a purchase step, which can be purchased at a price of 23 if further correction. But it should be noted that if the support of 23 is broken downwards, the price can experience a sharp decline. So it is better to always observe risk management and stop loss.