Shiba Inu's parabolic rise is another indicator that supports this idea. Memecoins like Shib and Doge might be indicators of the market overheating.
$SHOP Possibly Topping Out - Tagged Upper Target Left open gap down around $660 - this would be a ideal short target near term No position and definitely a risky short...but I could see this being the near term top for SHOP today. It could use a healthy pull back / cool down over the next couple weeks. Educational, not investment advice.
** I am an experienced trader that looks at the long term. I'm often right and sometimes wrong. I do not rely on specific technical indicators, but look at long term patterns. If you're just here for short-term gains, better move along, partner. NOTHING TO SEE HERE! ** I have been trading altcoins since 2013 and am quite comfortable now. I have always been...