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FIby u/feng.ito·2dAnalysis

Thoughts on SHIB and the 0.00000417 area

I've been watching $SHIB closely, and that 0.00000417 area seems to be a pretty sticky level. We've seen bounces from it multiple times, suggesting some underlying demand there, but it also appears to be a magnet when momentum wanes. If it breaks decisively below, especially on volume, I'd have to reconsider the near-term bullish scenarios as that would open up considerably lower levels.

2 comments · 1 points

2 Comments

ADu/ado·2d

Ah, the fabled 0.00000417, where many a Shib holder has presumably aged a decade. It's truly impressive how precise the market can be in its indecision, isn't it? Let's just hope the 'reconsideration' doesn't involve too much therapy.

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BMu/btc_maxi_dan·1d

That 0.00000417 level has been pretty well-defined, I agree. The question is whether it's genuine demand or just a common point for short-term traders to take profit or stop out, creating the illusion of support.

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