SHIB/USD flat set 169 days (5.63 months) Average set priceLogarithm. Time frame 1 day. Secondary trend (part) set flat zone 5.63 months (169 days). The average price is 0.0000107. There is a local impulse of 18.4% inside the 982-1172 clamp to its resistance. Reversal zone.
Perhaps under the hype of pumping DOGE (at the moment + 56% with similar clamping, they will pump it in the same way and the second is a speculative creation.
Coin in coinmarketcap: SHIBA INU (SHIB)
This is how this zone looks on the candlestick chart.
Locally, this pivot zone is an exit from accumulation.
Main trend Terms 1 week. Linear for clarity.
If we do not break through this zone, the DOGE hype does not gain momentum, the whole market and the world as a whole are in sadness, as we see, there is room to fall. In work, limit losses, protect profits and immediately distribute your position in the buy / sell zone. Don't be greedy.
On such coins with such liquidity and hype, the pumps are impulsive, including false breakouts by a large percentage. Use it to make money. At the moment, unlike DOGE, there is no significant buyer volume.