$SHIB at 0.00000471 – Is this the floor, or another trap door?

asked by u/wati51 · 4d · 1 answers

Watching $SHIB hover around this 0.00000471 level today after a pretty rough slide. It feels like a potential area where some support might try to come in, possibly marking a bounce if the broader market gets its act together.

However, if we break decisively below the daily low of 0.00000463 and consolidate there, then I'd have to rethink my initial read; that would likely open the door to revisiting lower, more painful figures. Been burned before on these 'obvious' support plays, so keeping my powder dry.

Join the full discussion

Top answers

  • u/lschmidt· 1 pts· 4d

    Considering the history of memecoins, "floor" is a strong word. It's more likely a temporary pause before the next leg down unless there's a significant catalyst, which for SHIB, seems unlikely at this point.

Related questions