Shiba Inu Turns Bullish (Market Update)
2024-11-12

SHIBUSDT (Shiba Inu) is now in the bullish zone. Bullish bias confirmed.

The period between June - November 2024 was the consolidation phase. The blue line on the chart is our baseline, above this line we are ultra-bullish. Below this line, still bullish but back into the accumulation/consolidation zone.

Now that SHIBA is in bullish territory we aim for higher prices. Any retrace or correction can be used as an entry opportunity, as an opportunity to go LONG. We are mostly spot on these pairs but some pairs we use leverage, between 2-4X.

For example, a nice and easy 700% wave can turn into 2,800% with 4X. But this makes it a high risk trade rather than low risk. No margin, no leverage = no risk.

When you buy spot, you are buying the tokens, the coins, the Altcoins... If prices drop your amount in Crypto stays the same; if prices rise, your Crypto stays the same. Spot is good if want long-term trading without stress. In the worst case scenario, we simply wait. All other scenarios would be good in comparison.

Worst case scenario would be a long-term drop. In this case, I wait until a recovery happens.
(Some people close at a loss and move on.)
Other scenarios would mean green, in this case, I secure profits on the rise.

Shiba Inu is now in the bullish zone.
Bullish zone means higher prices; higher prices means up.

How far up can it go?

We have some targets on the chart pointing toward 100%, 410% and even 700%, but there can be more.

Patience is key.

Thanks a lot for your continued support.

Namaste.