.0000-FIVE-O HERE WE GO. Shout out to, TheWolfofFewStreets
Hey guys good to see we didn't fall to .000026 because Elon Musk said something on Twitter (lol). Also glad my followers didn't listen to the guy that urged everyone to sell at the bottom of a dip because Elon doesn't have SHIBA, (his loss).
SHIB has made a strong recovery climbing back to the .000040's and now on its way to .000050 imo.
For a quick accumulation trade, I would exit half my position at .000045 and than exit the rest once we crossed down over the 20-EMA on the 5-minute chart and an additional indicator, (I like the awesome oscillator) signaled a reversal. Then of course, buy back at the bottom of the dip if you are a long term holder. Me personally, nah but I like the quick and easy scalping money.
Keep in mind, .000050 is a very strong psychological benchmark. I would set my exit order a little below to make sure I got filled. Often times with these strong psychological benchmark numbers everyone expects it to go to this number and ends up selling right before causing the market to rise just below it instead of hitting it on point.
As a final thought, I encourage everyone to check-out my last post regarding XRP. It wouldn't be a bad idea to move profits from SHIB into XRP once we hit .000050
Take Care. Updates soon.
If you haven't already, please LIKE and SUBSCRIBE
SHIB has made a strong recovery climbing back to the .000040's and now on its way to .000050 imo.
For a quick accumulation trade, I would exit half my position at .000045 and than exit the rest once we crossed down over the 20-EMA on the 5-minute chart and an additional indicator, (I like the awesome oscillator) signaled a reversal. Then of course, buy back at the bottom of the dip if you are a long term holder. Me personally, nah but I like the quick and easy scalping money.
Keep in mind, .000050 is a very strong psychological benchmark. I would set my exit order a little below to make sure I got filled. Often times with these strong psychological benchmark numbers everyone expects it to go to this number and ends up selling right before causing the market to rise just below it instead of hitting it on point.
As a final thought, I encourage everyone to check-out my last post regarding XRP. It wouldn't be a bad idea to move profits from SHIB into XRP once we hit .000050
Take Care. Updates soon.
If you haven't already, please LIKE and SUBSCRIBE
