92 billion $SHIB just dumped into exchanges net in 24 hours, that’s enough sell pressure to turn retail “to the moon” hopium into dust.
Net exchange inflow hit that 92 billion mark while $SHIB still ticked up 1.83% to $0.000005, with market sentiment stuck at neutral 51. That’s not normal price action for that level of incoming sell pressure. Looks like big players are using the small pop to distribute their bags quietly, no panic selling yet so price stays propped up for now.
This setup has zero confirmed edge, no clear support to anchor a trade to. Don’t chase this move, wait for either the sell pressure to absorb or a confirmed volume breakout before making a call.
#Write2Earn #BinanceSquare #SHIB #MemeCoin #HalloweenPumpkinFrenzy
Net exchange inflow hit that 92 billion mark while $SHIB still ticked up 1.83% to $0.000005, with market sentiment stuck at neutral 51. That’s not normal price action for that level of incoming sell pressure. Looks like big players are using the small pop to distribute their bags quietly, no panic selling yet so price stays propped up for now.
This setup has zero confirmed edge, no clear support to anchor a trade to. Don’t chase this move, wait for either the sell pressure to absorb or a confirmed volume breakout before making a call.
#Write2Earn #BinanceSquare #SHIB #MemeCoin #HalloweenPumpkinFrenzy
