RISE TO THE TOP
Many financial experts say Shiba Inu has no real value. The question we are all asking each other is how is it rising? The money being put into this asset by the retail traders is substantial. Hedge funds and market makers also play a massive role in the parabolic movements to the upside. The pumps and dumps are from different situational trading scenarios, and trading psychology plays a huge role. Once you learn to read the storyline within the candlesticks, you will understand that this rise will not stop. The rate of speed of these movements shows a lot of buying pressure. Indicators are helping traders, but technical analysis is the real gem in decrypting this asset. Recent NFT launches have enabled burn processes to occur.
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.