hello guys!
I suppose Shiba hunted the last level!
it is a risky position but I will sit on the short position for this situation!
___________________________
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In the 4-hour period, it will most likely hit its previous ceiling
SHIBBTC 
SHIBUSDT
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Let's analyse SHIBUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Shiba Inu (SHIB) is a meme-based cryptocurrency launched in 2020, inspired by the Shiba Inu dog breed. It operates on the Ethereum blockchain and aims to build a decentralized community. Originally created as a playful experiment, it has gained popularity and features like ShibaSwap, a decentralized exchange. Despite its lighthearted roots, SHIB has attracted significant investment and speculation.
TECHNICAL ANALYSIS:
SHIBUSDT has demonstrated a bullish breakout from a descending triangle pattern, followed by a successful retest and a confirmatory candle. The price is currently supported by the 50-day Moving Average (MA).
A significant price increase is anticipated, as indicated by the substantial surge in Shiba Inu's trading volume within the last 24 hours, reaching $510.90 million. This surge suggests increased activity by Whales.
Entry Zone:
CMP to $0.00001567
Targets level:
Expecting 200% to 300% move
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Happy Trading!!
After a significant increase in February and reaching a local maximum of $0.00004575, the price declined to the $0.00001080 mark, which represented a drop of over 76%. As a result of this decline, the quote nearly reached the POC volume level at $0.00001032.
Near this level, a rebound was observed, followed by an attempt at recovery. From the perspective of Fibonacci levels, the current asset price is within a favorable range for purchases (between 1 and 0.75).
In this range, medium-term purchases can be considered with a target price of $0.00002746, which corresponds to the 0.5 Fibonacci level.
As we get closer and closer to 2025, the Altcoins market is preparing to enter the last accumulation phase of 2024. This will be the last chance to buy at low prices before the major 2025 bull-market.
The accumulation phase should last several months, so there will be time. The current bearish action we are seeing across the market goes in accordance with the trade-ideas we shared in early August, the "Pre 2025 Bull-Market" series. This series predicted one final drop where our favorite Altcoins enter an accumulation zone before major growth.
We talked about the buy and hold strategy and went deep into trading methods, the basics, market psychology and more. You can find these articles by going to my profile and going back to early August.
It seems this is actually happen. And if this comes to pass then we can have more certainty that also 2025 will come to pass, because everything is going as planned.
Shiba Inu (SHIBUSDT) produced a small rise, nothing surprising, just three weeks green. Some Altcoins took this time to grow super strong, others remained asleep. That's what I mean when I say that not everything will move. Everything moves but not with the same force, strength and magnitude.
Some will grow stronger than others and some will definitely remain blank in 2025. Shiba Inu will grow in 2025 so all is fine.
So the drop should last a few weeks. The recovery should last several months and in 2025 we get long-term sustained growth.
This is a general view of the chart and market. We cannot be hurt by something we know is going to happen. If we know it is going to crash in advance, we can prepare and adapt. We can only be hurt by price action if we are caught by surprise. No surprise here, we are well aware.
➖ If we have experience, we can sell and buy back lower.
➖ If we are beginners, we can simply hold because the whole process will only last a few months.
Whatever you do is up to you. My job is to alert of the event before it happens and you can use this information in the best way you can.
Thanks a lot for your continued support.
Namaste.
