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Shıb first of all, I have no trading or investment in this currency pair, I just wanted to provide an update because I shared before, anyone interested can check in the posting channel and take a look at what happened based on the last analysis :)
In my last analysis on the Shıb side, I mentioned that along with the achievement of equal price tops, the area that the price could test would be the region of 25. The price had a reaction around the average of 0.0246 and I mentioned that it would be a short-term reaction in the region of 23. The price stayed oscillating there, but unfortunately fell without being left to fate with the market downturn.
I spoke about the emphasis on the 20-cent region as an area of liquidity and again as a highlight area and managed to leave a wick in the 195 mid-region, but I couldn't surpass the 20-cent region. Personally, if I had an alarm, I would have closed profitable positions and placed entry stops, but currently I am waiting for the 0.02050 region for a buying opportunity. If there is a reaction in this area, I would like to create a position structure. Short-term resistance seems to be around 22, but the region that really needs to be conquered, in my opinion, is around 24. Closing above this level would not harm the pair and in case the market becomes stagnant and there is a deeper decline, the region to be observed for the spot will be around 17. For now, I think it's important to keep an eye on eth and btc, as a possible bottom scenario for them will keep us more positive :)
This is not investment advice!!!
#GateLive #shıb5l #shıba #BTC #GT