SHIB Solid Support at .000063 Consolidating

bungalogic
1 min readOct 31, 2021

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Well this one is a short one. After SHIB reached its all time high of .000088 we are seeing a major pullback with consolidation above the .000063 level. Every solid rally needs a consolidation to test to see if we can keep pushing forward or we simply fall back.

Seeing some nice sideways movement the past few days. And we see that SHIB is simply staging for its next rally. I’m thinking November could be a slow month and then we get the pick by December. But we need to keep watching the charts daily to see which way we go.

For now we will chill around .000063 ~ .000077. Need to break above .000078 and stay above to see the next rally. Otherwise we simply move sideways and wait. A great entry point is around .00006 ~ .00063. This is where I see us for now. 💎🙌🏼

Note: not a financial advisor. Do your due diligence. Take ownership of your decisions. Don’t buy because of what I said.

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bungalogic
bungalogic

Written by bungalogic

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