SHIB prediction and analysis. Slow bleed over weekend, short.
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SHIB's market cap has exploded and is a non-use case meme coin. Huge gains have been made and it is expected for a retracement. Leading into weekend is lower volume, I expect a steady decline. ATH in ETH and bullish market segment will lead traders to take profits and put money elsewhere.
I expect a slow and gradual bleed down that may take a few weeks. With BTC and ETH being so strong lately, any bad day will effect this dramatically.
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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.