In my opinion, this is a very good time to buy with caution and careful risk management! Especially with this strong correction because if you are actively trading, corrections provide trading opportunities, and if you are a long-term investor, they provide opportunities to strengthen your portfolio at low prices... Don't worry, everything will be fine, God willing :)
$SHIB is shooting to the upside at full speed, with analysts expecting the positive momentum to continue into December 2024, with #SHIB، potentially reaching $0.000053 before the end of the year if the uptrend continues. However, the coin is considered highly volatile, and is expected to face challenges at key resistance levels between $0.000027 and $0.000031.
🔴 Benefit: Here are some plans to avoid falling into the whale net 🐋!
Whales are traders or investors who own huge amounts of cryptocurrencies and have the ability to move the market with large trades. Avoiding whale traps requires awareness and smart strategies. 🔴 Plans that can avoid whale nets! 🙂 Avoid trading during sharp fluctuations: Whales often exploit big news or announcements to cause volatility, if you notice unexplained price movements (a sudden Pump spike or Dump drop), wait for the market to stabilize before making any decisions, there is a whale on the move 🐋.
🟡 What is altcoin season? Altcoin season: This occurs when altcoins generate higher returns than Bitcoin over a certain period. This may indicate that investors are becoming more interested in altcoins than Bitcoin. 🟠 Scheme explanation: 🔸️ Main indicator (73) Indicates that the market is close to the Altcoin Season. If the indicator is above (75), the market is considered to have entered the Altcoin Season. If the indicator is below (25), the market is considered to be in the Bitcoin Season. Values between 25 and 75 mean a relative balance between the performance of Bitcoin and altcoins.
Within 24 hours, (23265.45%) of the #SHİB coin was burned 🔥. This burning rate indicates a significant increase in the amount of coins burned during the last 24 hours compared to previous periods.
This percentage indicates a significant activity in burning operations, which may be related to community initiatives or the implementation of new mechanisms to reduce the supply.
Source: Official website: https://www.shibburn.com
📢 News: Important reasons that contributed to a significant rise in the price of XRP ❕
XRP has seen a significant surge in its price, rising by 4% in the last 24 hours. The coin has managed to move upwards from $0.5 to above $1.4. 🟠 Factors affecting the rise of XRP: 🔸️Pro-cryptocurrency policies: US President Donald Trump's pro-cryptocurrency stance had a significant positive impact on XRP's performance.
📢 Long article: On the importance of capital management while trading digital currencies. Very important❗
The field of digital currencies is an integral part of risk management and one of the most important elements of trading in the digital currency market. How many traders have lost their money due to mismanagement of capital, and how many successful deals have failed due to mismanagement? You must determine the percentage of money that you will enter from your portfolio into trading, the free margin that you keep in your portfolio in the form of USDT or any other stable currency, then the percentage of capital that you enter into each deal separately, then the percentage of money that you enter into short-term and medium-term storage deals and sometimes long-term storage deals, quick scalping deals and daily deals.
✅ Explanation of the best strategy for speculation, buying from the bottom and selling at the top!!
🟠 When you decide to exit any trade completely and you are on the first target or any other target. It is preferable to withdraw only your basic entry percentage and leave the profit inside the currency. For example, if you entered a deal with $1,000 and won 4% Withdraw your entry amount (1000) and let the profit of $40 inside the currency fluctuate with the price. 🟢 In this case, you benefit from speculation by investing your profits, and you will have a large profit in the long term in addition to the medium term.
News 📢: DOGE price is currently down by $0.24 with analysts expecting it to reach $2.80 in December
According to the website - Cryptonews - DOGE price is currently $0.24 away from its all-time high, with analysts expecting it to reach $2.80 in December. The price of Dogecoin (DOGE), which reached $0.48 over the weekend, is now just $0.24 away from touching its all-time high following provocative tweets from Elon Musk, Cryptonews reported.
News 📢: Bitcoin's decline will open the way for other currencies!!
Bitcoin dominance peaked at 61.53%, the highest level since 2021, on November 18. Since then, dominance has declined, to 58.97% on Tuesday, November 26, 2024. A decline in Bitcoin dominance usually paves the way for capital to flow into altcoins and a potential comeback in the altcoin season, where at least 75% of tokens outperform Bitcoin in a 90-day timeframe.
⭕ Question: Could the digital currency market witness a general recession that includes weak price movement and lack of activity?!!
🟠 Answer: Yes, the digital currency market can go through general recessions without exception, which is common in financial markets in general, including the digital currency market. This recession usually occurs as a result of a set of economic or psychological factors that affect the market as a whole. ◻ The most important of which are: 🔸️1. Low liquidity in the market
Pay attention ⚠️ What does the term P&D mean in the world of digital currencies?!
The term P&D in cryptocurrencies stands for “Pump and Dump,” which is a fraudulent strategy used to manipulate the prices of assets (such as cryptocurrencies). ● Explanation of the concept: 1. Pump: The price of a digital currency is artificially and suddenly raised by buying large quantities of it or spreading misleading news to attract the attention of investors. 2. Dump: After the price rises, the people who started the process sell their holdings of the currency to make a huge profit, which causes the price to collapse quickly and loses investors who joined late.
● Over the past 24 hours, #SHIB، has seen a relative stability in its price, with its current price standing at around $0.000025. The daily trading volume is around $1.15 billion, indicating moderate trading activity. Technically, the price action of #SHIB، has shown a golden cross on the daily time frame, which may indicate the possibility of future upside.
The evaluation of cryptocurrencies such as #SHIB، and #BONK🔥🔥 depends on several factors, including market cap, actual usage, community strength, and potential risks. ● #shiba⚡ Rating: 7/10 ■ Pros: High market cap (Top 20 globally). Strong and active community. Regular efforts to burn currency and reduce supply. ■ Disadvantages: Lacks significant real-world use cases outside of speculation.
Prominent commentator in the #SHIB، community, Austin Hilton, has predicted a potential rise in the #SHIB، price to the $0.00075 price range by early 2025. The market analyst claims that #SHIB، could rise by over 2,000% during this timeline.
How much SHIB coin does it take to burn to reach 0.01?!
For the price of Shiba Inu (SHIB) to reach $0.01, a massive coin burn would need to occur due to the extremely large circulating supply, which currently exceeds 589 trillion coins. The analysis can be broken down as follows: 1. Estimate the supply required to reach $0.01: Market Cap = Price x Circulating Supply.
Five general tips and guidelines for beginners in the field of digital currencies, which are considered axiomatic for professionals!
The five tips: ■ In order not to feel bored and the deadly routine while waiting for the currency to rise, try to diversify and invest in more than one rising currency (rising = movement and popularity in the market) according to your ability and budget.
The most famous rising currencies: • XRP • DOGE • SHIB • PEP ■ Do not make your decisions based on the technical analyses spread on social media, as you do not take them from a certified technical advisor or expert. Rather, follow up yourself.
■ Try hard and diligently to learn how things go and how the market moves and what is technical analysis and what does the "chart" mean and what are these terms that you hear (support, resistance, top, bottom, break, correction, opening, closing, indicators, time periods ..... etc.)
■ If you are unable and feel a failure in learning, do not rely on anyone to analyze the path of your currency, but you can enter ChatGPT and give the name of the currency and ask him for complete and accurate details and a complete and detailed technical analysis of the currency's position ... This is the least you can do.
■ Finally ... The currency market requires patience, then patience, then patience. If you do not have that great patience and long breath, I advise you to get rid of your currencies and exit the market permanently. "Stopping the loss is a profit" 🙂
Despite the presence of this high resistance, which is considered a healthy condition for the continuation of the dynamic movement of #SHIB, I see hope looming on the horizon and a new dawn will shine on#SHIBand its community.. God willing 🙏🏃♂️🏃♂️🤑