Only time till shiba get on Robinhood.
Seems to be finding a floor at about .417 at the moment on the 5 Min, looking for the rising valleys to continue for a break out above .448.
This is the range it was in around 10/25 before it broke out to ATH, and retraced back to around 11/4 briefly, before rising a bit again and holding until yesterday.
Even though volume dropped off, which is part of why we saw such a big drop, it immediately jumped at the lower parts of the valley. Like, I’m talking from 90B to 1T!! That’s a HUGE range, so we have a good idea of where that floor is for now.
Now this…
https://twitter.com/krakenfx/status/1465357580100943878?t=BNTT2EM0irZzp_5JfJyaXQ&s=19
Kraken is Top 4 (always one of the 10 biggest) crypto exchanges in the world.
And so we have movement again…
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Quick Update:
Not looking great for SHIB in my opinion at this moment. Retesting a fairly critical support here at .32 and EMA’s are about to close in. I think we may be seeing .20 levels soon, which means our next big support is actually around .12, so we’ll see what happens.
If it holds above .32, we may see close to .48 again. As always, manage your risk.
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This is low enough for me to start adding to my position…
Nothing crazy, as there is still the high possibility of things going back down to previous ATL.
This is just my personal strategy so I don’t forget my long term positions.
I’ve missed big dips in the past simply by neglecting to invest a little or even simply check the price.
Now that I know how to read charts and compare prices more effectively, I’m not going to just sit things out.
When I say small additions, I mean $100 max.
I have marked the lines where I think it’s best to buy some and today I woke up to this level of 0.000020.
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