I do not hold any Shiba and have no plans to buy any. I just wanted to draw what I think are support lines and a significant zone. I think the ATH and price action immediately after was mostly a result of positive social media sentiment and retail chasing the meme coin aspect so it's a lot less significant for a long term support/resistance zone. The lines I drew are where I believe it started settling back into more reliable levels.
My personal opinion is Shiba will likely have another pump if the rest of the market turns bullish. I'm just not really big on any of the meme coins so take everything I say about them with a big grain of salt.
*My friend challenged me to post one chart a day this year to build confidence and my skill set. I am still learning so I wouldn't trade off of any of these ideas. If you have any constructive criticism or advice I would be grateful to hear it.
My personal opinion is Shiba will likely have another pump if the rest of the market turns bullish. I'm just not really big on any of the meme coins so take everything I say about them with a big grain of salt.
*My friend challenged me to post one chart a day this year to build confidence and my skill set. I am still learning so I wouldn't trade off of any of these ideas. If you have any constructive criticism or advice I would be grateful to hear it.