Burned 20 billion SHIB in 24 hours, yet the coin price still drops 3%?
That old story about burning coins has already been chewed up by the market. Now all the capital across the web has poured into trending tickers like SAND and PENGU. The liquidity of the old-school Meme is basically drained—this drawdown isn’t even something the broader market bothers to take the blame for.
Now don’t rush to take action. First, see whether it can come back up and hold the previous high at 0.000006 on increased volume. If it can’t hold, just keep watching from the sidelines. With a good catalyst but no volume to absorb it, it’s most likely a sell-the-fact kind of move.
Do you think the 20 billion burned is truly support, or is it already “good news, out of steam”? If you’re bullish and want to test the previous high,扣1; if you think it’s due for a pullback,扣2.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament
That old story about burning coins has already been chewed up by the market. Now all the capital across the web has poured into trending tickers like SAND and PENGU. The liquidity of the old-school Meme is basically drained—this drawdown isn’t even something the broader market bothers to take the blame for.
Now don’t rush to take action. First, see whether it can come back up and hold the previous high at 0.000006 on increased volume. If it can’t hold, just keep watching from the sidelines. With a good catalyst but no volume to absorb it, it’s most likely a sell-the-fact kind of move.
Do you think the 20 billion burned is truly support, or is it already “good news, out of steam”? If you’re bullish and want to test the previous high,扣1; if you think it’s due for a pullback,扣2.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament
