Shiba Inu (SHIB) Short & Long Trade Review: What's Next for Traders? ๐๐
Shiba Inu (SHIB) has experienced a recent surge, with its price hitting $0.00001346โan impressive 5.32% increase. But what do the short and long trades say about its future?
๐ Long Trade Insights: SHIBโs recent 14.39% price increase over the past week has sparked optimism. Technical indicators are showing bullish signs, with some analysts predicting a potential 63% breakout. Long-term traders seem to be growing more confident, as the average holding time of SHIB has increased by 30%.
๐จ Short Trade Insights: Despite the positive long-term signals, short-term traders are facing challenges. SHIBโs price has recently experienced rejection, indicating a bearish sentiment thatโs causing a drop in short-term trader activity by 63.43%.
Conclusion: While SHIB holds potential for long-term growth, the short-term market remains volatile. Traders should stay updated and make informed decisions based on their risk profiles.
Stay tuned for more insights! ๐