Logarithm. Time frame 1 week for clarity of the channel range. 3 weeks ago, there was an exit of the price under the support of the accumulation channel by a large percentage. Many long positions were liquidated.
The chart shows the percentages from this reversal zone to the channel resistance, as well as the average profit percentage when exiting this accumulation channel from the average set price to the significant first resistance.
This is what the chart of this cryptocurrency looks like on a line chart without the “market noise” volatility.
Accumulation Zone. Pump/Dump and compliance with risk and money management.
Remember, this is a pamp/dump meme cryptocurrency, which even at -93% down from peak pumping and with a set zone of about 14 months (!) is at an inadequate profit. That's why follow risk management in your work.
It is more rational to work on such cryptocurrencies, not with stops (high volatility, slippage at high %, high probability of beaten out before price increase, the large value of stop is meaningless, they can beat out at -2% and -40%), and work from average buy/sell price (only spot!) with reasonable observance of money management.
The chart shows the percentages from this reversal zone to the channel resistance, as well as the average profit percentage when exiting this accumulation channel from the average set price to the significant first resistance.
This is what the chart of this cryptocurrency looks like on a line chart without the “market noise” volatility.
Accumulation Zone. Pump/Dump and compliance with risk and money management.
Remember, this is a pamp/dump meme cryptocurrency, which even at -93% down from peak pumping and with a set zone of about 14 months (!) is at an inadequate profit. That's why follow risk management in your work.
It is more rational to work on such cryptocurrencies, not with stops (high volatility, slippage at high %, high probability of beaten out before price increase, the large value of stop is meaningless, they can beat out at -2% and -40%), and work from average buy/sell price (only spot!) with reasonable observance of money management.
Note
Other people's fear, early overconfidence, unpreparedness, shock, not understanding what's going on and what potentially will be—turn it into your profit on the horizon of opportunity. Be less greedy – you will be richer. Hurry slowly, always doubting, so you will be “immune” from impulsive emotional rash decisions.Note
Note
Note
August 13-17 Shiba Inu blockchain launch. Remember (buy on rumors, sell on events)...Note
Note
Note
The launch of the Shibarium blockchain has been postponed supposedly 08 21 (approximately 2 weeks). It's like a birthday, it happens once a year, so we have to wait for better market conditions. If Bitcoitn comes out of consolidation, it is very likely that "something out there" will be launched in a hurry.Note
Remember, coins like these “at the bottom” are actually on top of the profit.
Note
Trade closed: target reached
Breakthrough of this resistance - exit from accumulation big pamp. All levels, zones, percentages as before.
Trade active
Note
a) Breakout of accumulation resistance without sawing at this zone and big pump.
b) Possibly breakout and pullback from the first local resistance to the mirror level (former resistance) and only then with a successful retest a significant pumping.
🔴🟢 "Sawing" at the resistance level. Doubt. With market weakness - consolidation for a long time under this resistance. But, still then exit and big pumping.
Note
Trade closed: target reached
Trade active
27 09 2024 Now a reversal zone. “Punt or lose.”
That is, price retention in this zone and exit to a new “stage” of the fan (extremely positive scenario).
Or consolidation for the beginning under this resistance:
1) then attempt #2 exit
2) or decline to the lower zone of this fan range (extremely negative scenario).
Note
SHIB Major Trend. 09 2024 
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Related publications
Disclaimer
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✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.