SHIB fall for 92% from it`s highs. Beginners lost almost all their money but got the experience to not trade without trading strategy. In this idea i`ll explain my point of view on SHIB.
📊Recently, i made an idea about SHIB where marked resistance areas for the price. After the local growth price almost test it and after the false breakout of the trendline fell by -31-35%. Check the idea to read the preconditions and get more experience in trading!
💹Why i marked thess 2 value areas: 1️⃣ 0,2057-2970 is the big accumulation area of retail traders. They become the FUEL for such massive dump. Everyone who use even the x1 leverage are liquidated already. 2️⃣ 0,680-860 is the biggest value area where the whales accumulate SHIB before. Now it become the HUGE support area for the price.
Addtionally, if u want to get more info about alts read this idea about the BTC.D and altseason. As you know they have huge correlation.
At the volume indicator you can see some interesting thing. Despite the price dump the volumes are not growing. We can mention it at all cryptocurrencies. And it`s a strange things because we have to see the large volumes when the price falling.
What this can mean: 1️⃣ a lot of traders are already sell their SHIB 2️⃣ the price haven`t reach the bottom yet
🏁So don`t miss the volume growth and upcoming ideas!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Wishing people rich. Getting rich; The slope may not have had a purpose at first, but he preferred to stay in the right way. The coin is providing real prices, real correction and a bright future. This coin is not called a fan but Shibaino army
jan96
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Shitcoin will remain shitcoin and will die out without hype. There won’t be any pump, whales left the sinking boat already in November after making 50,000% gains. Retail noobs still consuming hopium on Reddit and dreaming of 1 cent. Short this shit to its origin
ankurghai
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The lack of large volumes on altcoins and shitcoins is currently being fulfilled by large volumes of dump on BTC, ETH, BNB, SOL, AVAX. I think it is because in times of liquidation or insolvencies, people sell what they can and not what they want, and currently only these 6-7 currencies are having liquidity for whales to dump without significantly dumping their whole portfolio.