The exchange’s $SHIB reserves just surged back above 8.8 trillion, yet the coin price is still up 1.41%?
The market looks pretty good right now, but the sell pressure is real and has returned. The whole network’s hype has already moved on to newer tickers like QNT and PUMP. This $SHIB move is only being propped up by old retail “bagholders”; the volume simply can’t absorb the trapped supply overhead.
The most likely way this call is wrong is that the reserve rebound is a large holder temporarily rebalancing, not actually planning to unload. Next, keep an eye on the exchange’s $SHIB reserve amount. If it’s still rising for another 2 hours straight, then the ones with heavy positions should cut half first—don’t just stubbornly hold.
If you want to play it safer, you can join Binance’s October PUMP trading competition or bStocks’ new-track wealth management event. You can win rewards while also locking in gains.
How long do you think this sell pressure can hold? If you think it gets dumped within 1 day, deduct 1; if you think it can withstand for 3 days, deduct 2.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament
The market looks pretty good right now, but the sell pressure is real and has returned. The whole network’s hype has already moved on to newer tickers like QNT and PUMP. This $SHIB move is only being propped up by old retail “bagholders”; the volume simply can’t absorb the trapped supply overhead.
The most likely way this call is wrong is that the reserve rebound is a large holder temporarily rebalancing, not actually planning to unload. Next, keep an eye on the exchange’s $SHIB reserve amount. If it’s still rising for another 2 hours straight, then the ones with heavy positions should cut half first—don’t just stubbornly hold.
If you want to play it safer, you can join Binance’s October PUMP trading competition or bStocks’ new-track wealth management event. You can win rewards while also locking in gains.
How long do you think this sell pressure can hold? If you think it gets dumped within 1 day, deduct 1; if you think it can withstand for 3 days, deduct 2.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament
