Let's take a quick look at SHIB INU on the weekly timeframe.
SHIB has reached the support range between $0.0000107 and $0.000013. The price is likely to rebound as this range has historically acted as both support and resistance.
If the market crashes further, the lower support around $0.0000071 will need to hold.
~ Decent Accumulation Range: $0.000007 to $0.000013.
If you're still wondering when the perfect time to accumulate altcoins is, then let me tell you—there isn’t one. If you're a long-term investor, start accumulating. If you're a short-term trader, take calculated risks.
Note: Always conduct your own research and analysis before investing.
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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.