SHIBUSDT - looks Interesting to HODL
Hi Everyone,
Thought Process:
Project Key Features:
Meme Coin with anonymous Founder
White Paper does promise some use cases
Highly Risky Investment.
About Me: I dont consider myself trader or financial adviser, I am newbie in this industry and trying to learn about Financial Markets and trading. My sole purpose of sharing this idea is to get feedback and constructive criticism. I am self studying TA and in extreme need of a community/Seniors who help me to learn better, faster and correct me when i am wrong. I will appreciate if you give me some kind of feedback and suggestion to improve my idea/thought process. Thanks.
Thought Process:
- First, I know its a meme coin but it makes me some bucks.. :D i buy it at average of $0.000006 so i am holding for Miracle :D
- Second, If you look at Fundamental, it does have community who believes in it. Crypto is all about believe and Time. Other than being meme coin it does posses some sort of use cases, so there is possible that in an odd and funny way it might out perform.
- Third, Technically Chart looks interesting to me. a long period of accumulation with bull run, and now cooling off phase that comes to 0,786 fib according to the last leg up.
- Forth, It sitting at major support for now, next major support is median line along with price action support line. IF BTC is really going to dump we might see further dump to median line otherwise it might go up from this point.
- Fifth, if you wanna trade look for the break out on resistance line with other important trading indicators.
- Sixth, OBV is also in good condition and touches the major support line.
- Last, i am sharing this for people who might not trading but holding it and interested in knowing the current market structure of this instrument.
Project Key Features:
Meme Coin with anonymous Founder
White Paper does promise some use cases
Highly Risky Investment.
About Me: I dont consider myself trader or financial adviser, I am newbie in this industry and trying to learn about Financial Markets and trading. My sole purpose of sharing this idea is to get feedback and constructive criticism. I am self studying TA and in extreme need of a community/Seniors who help me to learn better, faster and correct me when i am wrong. I will appreciate if you give me some kind of feedback and suggestion to improve my idea/thought process. Thanks.
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