MASSIVE $SHIB BURN! 🔥 Shiba Inu Is Set To Surge 🚀👇

In the last 24 hours, millions of SHIB tokens have been burned! Shiba Inu is trying to to decrease the total supply in order to make it scarce. That's a move that aims to increase its price. If we watch at data, Shiba Inu has accelerated the reduction of SHIB tokens by 63% compared to the previous week. Also, over 7 millions token in less than 24 hours have been burned! Currently, the market is in a consolidation phase but according to the current SHIB pattern, I expect a potential short-term bullish trend. Daily indicators such as EMA 20, MOM 10 and MACD are suggesting an uptrend. In fact, MOM is outlining strength in terms of price movement and thus a potential reversals. However, let's not forget to "Zoom Out"! Weekly MACD points out a potential bearish trend and as a consequence I'll consider it for my following strategy:

Bullish Scenario + Hedge Strategy

On S2 range I will open a long position. Stop loss on 0.00002350. First take profit on R1 (50%) and second take profit on R2 (50%). If volumes do not show enough strenght and thus the market goes against me, I'll open a short position exactly on my previous stop loss and take profit on S1 (100%). That's a strategy I used last time on STRK, where the market went against me, but I still ended up on profit. Remember: Always Protect Your Position & Mitigate Potential Losses!

STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝

#SHIBAInsights #ShibaPrediction #SHIBAnalysis #memecoins2024