Avoided the choppy correction. Now back as it seems to be moving out of consolidation and making another run, indicated by the increase in volume and the price action moving back into an uptrend.
This may be short-lived but the potential gain considering the volatility could be substantial.
As I referenced in my idea yesterday, SHIB is much hotter than DOGE right now, so if it moves higher, DOGE holders will be more and more inclined to swap for SHIB. This would lead to a squeeze up in the price of SHIB and a continued drop in the price of DOGE if this inverse trend is maintained between both.
This may be short-lived but the potential gain considering the volatility could be substantial.
As I referenced in my idea yesterday, SHIB is much hotter than DOGE right now, so if it moves higher, DOGE holders will be more and more inclined to swap for SHIB. This would lead to a squeeze up in the price of SHIB and a continued drop in the price of DOGE if this inverse trend is maintained between both.
Nota
Nota
This is a possible outcome as the price action evolves here. Having psychological stops around the 7000 range to minimize losses if it turns against meNota
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.