Shiba has reached the level of 0.000044774 today. After an hour of corrective movement, when the coin went down to the level of 0.0000400, Elon Musk’s response tweet was published where he replied that he had no Shiba coins. After that, the price dropped to the level of 0.000033. This was followed by a rise to the level of 0.000040, after which many concluded that the coin was growing because whales were buying it in dips …
I want to explain a few simple things:
- This coin rose on news like this one. Accordingly, it can fall due to such events. You need to understand the buyer’s behavioral factor.
- The coin is now at a fairly high level, after such news, buyers will be very careful, no one will run to carry their money there, this is not a trigger
I am predicting a decline in the price to the level of 0.000026, nothing can induce buyers to return to the level of 0.000044 now. Even without this Musk’s tweet, shiba was waiting for a correction, but after this tweet, a correction awaits her all the more. I don’t understand the aggressive behavior of the community when I write about basic things. You are in the market, your faith in the coin has nothing with market realities and pricing. Just try to understand simple things. Thank you for the attention.
End of the postJoin my Telegram channel to get market updates quickly and follow my Twitter to get intraday thoughts about the markets. Also, in my Instagram I post short reviews about promising coins. Dear Friends, I will be very grateful to you for a donation, which you can make here
The content on this website, including blog posts, articles, and other materials, reflects the personal opinions of the author and is provided for informational purposes only. The author does not claim to be infallible or to possess complete knowledge of financial markets, which are inherently volatile and unpredictable. No one can predict with certainty the direction of financial markets, including the author, who only expresses personal opinions and preferences for particular scenarios.
The information on this website should not be construed as financial advice, investment advice, trading advice, or any other type of advice. The author is not a professional financial advisor, and you should not rely on the opinions expressed on this website when making financial decisions. The author is not responsible for any actions taken based on the opinions and information provided on this website.
The author may be wrong in their assessments and opinions and is always open to alternative viewpoints. You should always conduct your own research and consult with a qualified financial professional before making any investment decisions.
The author acknowledges that may not possess complete knowledge of all aspects of financial markets and does not claim to be omniscient. Financial markets are complex systems, and the misunderstanding or incorrect interpretation of even seemingly obvious facts can result in errors that may lead to losses. The author is not responsible for any losses incurred as a result of information or opinions shared on this website. It is always recommended that readers consult with a qualified financial professional and conduct their own research before making any financial decisions.