Shib 12h Buy and Sell levels for those who like to take risks

16 Jun 2021

The creators of SHIBA INU were clearly inspired by the history of DOGECOIN and decided to hype themselves and make money.

Only if Musk raised the price of DOGE to the skies with his tweets, then the creators of SHIBA miscalculated by donating 50% of the tokens to Vitalik Buterin. His announcement to donate his tokens to a covid fund plunged the price of Shibusdt by 44% on May 13.
May fall on the crypto market finished off SHIB investors.
In total, Shibusd price fell by -85-88% from highs

Let's say right away that we do not trade such manipulative instruments, but we were asked to analyze it.

So, the sellers stopped yesterday's attempt to break through on large volumes, which showed that they could lower the Shibusdt price by -44% from the current price.
If buyers do not give up, and a positive attitude returns to the crypto market, then there is still a chance to break up this consolidation. In this case, a safe long only after a confident price fixation above $0.000010 or after a strength retest of $0.0000080

Also, it is not necessary to exclude the news-manipulative fact that can organize a pump coin. If you like to play such a risky roulette, then the levels on the chart will help you navigate where you should exit the position.
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