Since I have posted my previous idea things have turned out to be exactly this way.
We experienced a bull trap in the box above, locking buyers with holding bags at the resistance level.
The pattern is very tricky in that it might give “confirmation” of breaking past the resistance level. This makes any traders watching the price behavior to believe that the bull rally is proceeding, so they execute buy traders.
Everything is by the text book. Also it's very easy when you have young and uneducated investors ready to hold their coins.
Do not forget that we live in a jungle and people are smart and take advantage of it.
What have a bear flag right now. My buying target is at .731.
I do believe that SHIBA is a great project and has amazing future ahead.
Not financial advices given here, trade and hold at your own risk.
We experienced a bull trap in the box above, locking buyers with holding bags at the resistance level.
The pattern is very tricky in that it might give “confirmation” of breaking past the resistance level. This makes any traders watching the price behavior to believe that the bull rally is proceeding, so they execute buy traders.
Everything is by the text book. Also it's very easy when you have young and uneducated investors ready to hold their coins.
Do not forget that we live in a jungle and people are smart and take advantage of it.
What have a bear flag right now. My buying target is at .731.
I do believe that SHIBA is a great project and has amazing future ahead.
Not financial advices given here, trade and hold at your own risk.