SHIB Analysis
This coin, the blogger has bought some as well, but it only occupies a small portion of the portfolio. Experienced investors have also bought it. The market has now dropped, and I am preparing to add some positions, as I am optimistic about the potential explosion in the future. I feel there is still room for a threefold increase, which is also good.
A simple analysis: In the past few days, the price has directly broken below the center of the second upward movement, and the price has plunged directly to the upper rail of the first upward center. It really hit the target this time. There has been some rebound in the past two days, and then it started to retest. Now the 4H line has reached the support level near the previous low, and there is gradually a phenomenon of stopping the decline. However, we cannot rule out that the market makers might suddenly hit it again at this position to scare off some weak-willed retail investors. Everyone can enter the market according to their own positions; those who are afraid of risk can wait a bit longer, or it’s also fine to build positions in portions. I am generally optimistic in the long term.
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