56 billion tokens flooded into wallets within $SHIB 24 hours, and the price has just climbed back above the 0.000005 level. Is this rebound really supported? Don’t get tricked into buying.
Don’t be fooled by the price just getting back to 0.000005—the exchange inflows have exposed the rebound’s weakness. Selling pressure is coming from more than one source. It faced resistance as soon as it broke through, and the rebound’s true strength is clear at a glance.
Chasing the price here offers very poor risk-reward. Don’t force a trade without buyers stepping in. Sitting out is an option; there’s no need to bet on a direction right now. Keeping your powder dry is better than chasing.
If you think you’re good at reading charts, you can put your skills to the test in Binance Spot Trading Tournament S8. You’ll find out how good you are by competing.
Will $SHIB withstand the selling pressure and keep rising, or will it get dumped back below 0.000005? If you’re bullish, comment 1; if you’re waiting for confirmation, comment 2.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament
Don’t be fooled by the price just getting back to 0.000005—the exchange inflows have exposed the rebound’s weakness. Selling pressure is coming from more than one source. It faced resistance as soon as it broke through, and the rebound’s true strength is clear at a glance.
Chasing the price here offers very poor risk-reward. Don’t force a trade without buyers stepping in. Sitting out is an option; there’s no need to bet on a direction right now. Keeping your powder dry is better than chasing.
If you think you’re good at reading charts, you can put your skills to the test in Binance Spot Trading Tournament S8. You’ll find out how good you are by competing.
Will $SHIB withstand the selling pressure and keep rising, or will it get dumped back below 0.000005? If you’re bullish, comment 1; if you’re waiting for confirmation, comment 2.
#Write2Earn #BinanceSquare #SHIB MemeCoin #TradingTournament