🚀SHIB: is such global scenario possible for this doge?
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.
📊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.
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