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Saturday, December 9, 2023

December 09, 2023 at 07:38PM Sorry SHIB, you won't make it ... [ Medium-term Call]

Sorry SHIB, you won't make it ... [ Medium-term Call]

SHIB / TetherUS BINANCE:SHIBUSDT

uhm ohm... Should I speak out the truth?

SHIB WON'T MAKE IT, that's it

Our lil Shiba currently faces a massive convergence of Resistance.

And you know, it reacts TERRIBLY. Pinbar, Signs of Distribution, Fibo Ratio, Volume, Retest,... we already have all the necessary pieces for A BIG SHORT.

This is the early call, so I don't guarantee SHIB will Fall Immediately. Observe Shib's PA carefully and find your best position. The risk is now low enough for us to consider an A-rated seat.

WHAT SHOULD A WISE TRADER DO?

  • Long position holding: Adjust your stop-loss to protect your profit, or take profit

  • Short position holding: Keep your stop-loss near the nearest red line. If the stop loss reaches, then we will wait for better conditions( Or abort this plan and re-analyze)

  • Who still hasn't done anything? Don't Long.


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