SHIB/USDT Secondary trend. Channel. 14 months accumulation.

Logarithm. Time frame 1 week for clarity of the channel range. 3 weeks ago, there was an exit of the price under the support of the accumulation channel by a large percentage. Many long positions were liquidated.

The chart shows the percentages from this reversal zone to the channel resistance, as well as the average profit percentage when exiting this accumulation channel from the average set price to the significant first resistance.

This is what the chart of this cryptocurrency looks like on a line chart without the “market noise” volatility.

Accumulation Zone. Pump/Dump and compliance with risk and money management.

Remember, this is a pamp/dump meme cryptocurrency, which even at -93% down from peak pumping and with a set zone of about 14 months (!) is at an inadequate profit. That's why follow risk management in your work.

It is more rational to work on such cryptocurrencies, not with stops (high volatility, slippage at high %, high probability of beaten out before price increase, the large value of stop is meaningless, they can beat out at -2% and -40%), and work from average buy/sell price (only spot!) with reasonable observance of money management.

Comment:

Other people's fear, early overconfidence, unpreparedness, shock, not understanding what's going on and what potentially will be—turn it into your profit on the horizon of opportunity. Be less greedy – you will be richer. Hurry slowly, always doubting, so you will be “immune” from impulsive emotional rash decisions.

Comment:

Comment:

about +50% from reversal zone 711, price in resistance zone 968 -1172

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August 13-17 Shiba Inu blockchain launch. Remember (buy on rumors, sell on events)...

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this is how the main trend of this cryptocurrency looks now on a linear price chart.

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local operation. Work in the conditional channel of accumulation. Pumping continues, the HYIP is weak. Remember about "promised dates

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The launch of the Shibarium blockchain has been postponed supposedly 08 21 (approximately 2 weeks). It's like a birthday, it happens once a year, so we have to wait for better market conditions. If Bitcoitn comes out of consolidation, it is very likely that "something out there" will be launched in a hurry.

Comment:

at the moment, in comparison with other similar garbage pump/dump candy wrappers, it’s somehow weak. +50% or am I wrong? The price is still in the accumulation channel. Probably, only after the launch of at least +80% of the main scam meme should we expect stronger movements here. The marker showed the key resistance zones. Breakthrough is the way out. Not a breakthrough - floundering in the channel, but the step is acceptable.

Remember, coins like these “at the bottom” are actually on top of the profit.

Comment:

28 12 2023 further crawls in the horizontal channel zone on the Gann fan.

Trade closed: target reached:

the price of this pamp coin reached the level of resistance zone of accumulation channel 0,,,,,,1581, which is about +96%
Breakthrough of this resistance - exit from accumulation big pamp. All levels, zones, percentages as before.

Trade active

Comment:

🟢 Breakout and consolidation above this resistance - exit from the accumulation of the bigump. All levels, zones, percentages as before.

a) Breakout of accumulation resistance without sawing at this zone and big pump.

b) Possibly breakout and pullback from the first local resistance to the mirror level (former resistance) and only then with a successful retest a significant pumping.


🔴🟢 "Sawing" at the resistance level. Doubt. With market weakness - consolidation for a long time under this resistance. But, still then exit and big pumping.

Comment:

Trade closed: target reached:

+460% to the level of 0.....3911 Similarly, as on DOGE made a helicopter, but the profit is very significant, that is the difference. Now the pullback.