Brothers staring at the charts late at night—take a look. $SHIB has been squeezing out a rare Bull Combo combo formation on the weekly chart. Current price: $0.000006, up +2.94% in the last 24 hours.
Put it in human terms: the bulls are slowly accumulating positions at the weekly timeframe level. The goal is to delete a zero. But don’t ignore the data—there’s still a major weekly resistance sitting overhead, and that +2.94% move hasn’t even touched its edge.
My play: $SHIB is only “paper rich” until it stands on the resistance with volume. If you want to lay in a position, use a small size and place staggered limit orders at the lower support. Add more only after a breakout is confirmed. Set your stop-loss—don’t try to outlast the order.
Is this move by the whales accumulation or distribution?
Accumulate: deduct 1; distribute: deduct 2
#Write2Earn #BinanceSquare #SHIB MemeCoin
Put it in human terms: the bulls are slowly accumulating positions at the weekly timeframe level. The goal is to delete a zero. But don’t ignore the data—there’s still a major weekly resistance sitting overhead, and that +2.94% move hasn’t even touched its edge.
My play: $SHIB is only “paper rich” until it stands on the resistance with volume. If you want to lay in a position, use a small size and place staggered limit orders at the lower support. Add more only after a breakout is confirmed. Set your stop-loss—don’t try to outlast the order.
Is this move by the whales accumulation or distribution?
Accumulate: deduct 1; distribute: deduct 2
#Write2Earn #BinanceSquare #SHIB MemeCoin
