Shiba Inu has been acting like that person who can't decide where to go eat. We have been watching it move in a range without a clear direction for six months. It neither rises nor falls strongly, a headache for those who want action! 🤦♂️
But, be careful here! For those who are savvy and know how to play 'swing trading', this indecision is pure gold. The trick is to buy when it hits the bottom and sell when it rises a little, and now it seems that the golden opportunity is presenting itself. 🤑
Here’s the express summary so you can understand it without being a finance guru:
The alarm signal: The memecoin in general has lost 18.8% of its value in the last month. Even the elder dog, Dogecoin, is stagnant. This tells us that the market is in 'stand-by' mode, waiting for a signal to start.
The key point: Shiba Inu has fallen below its average level of $0.00001328, and that, in chart language, is a sign that it will continue to drop until it hits the range lows, which are at $0.00001028.
The opportunity: Here comes the magic. Analysts suggest that there are two hot entry points for the brave:
First Support (Short-Term Level): If it reaches $0.00001184 and bounces back, it could be a good time to buy. But if it drops below $0.0000116, close the position quickly! Don't risk more.
Second Support (The Big One): The safest and most tempting level is if the coin approaches its low of $0.0000105. If it gets there, it’s a super buying opportunity for those who believe in it.
In conclusion, this is not a drop to panic about, but to sharpen your claws and prepare for a possible play. The key is to be patient and not dive into the pool without checking if there is water.
Will this be the big play you were waiting for or just another trap from the market? Time will tell!$SHIB
