$SHIB This run of the market is worth revisiting for a recap.


When SHIB suddenly surged yesterday, many people in the market’s first reaction was to chase longs, afraid of missing the next round of a breakout. But I didn’t rush in at the time. Looking at the hourly chart, after the price quickly spiked higher, the buy-side follow-through above started to weaken; the trading volume didn’t keep expanding. Although the bullish sentiment was hot, the momentum wasn’t strong enough to sustain.
So I chose to wait for an opportunity. After I saw a pullback signal at the high, I decisively set up and positioned a short. The subsequent price action matched expectations as the price gradually rolled over, and this short position successfully took the profit.
Right now, it seems SHIB’s short-term move has entered a range-bound consolidation phase. Resistance still exists overhead. If it can’t reclaim and hold above the prior high, the odds of continuing to search for support lower down will be higher.
Of course, altcoins move fast. Once capital flows back in again, there could also be a quick rebound.
The biggest lesson from this trade is: during a vertical surge, don’t blindly chase—after emotions cool off, look for opportunities, and that’s usually a more comfortable rhythm. The market always has chances; the key is to wait for your own position. $DEXE $AKE #夏日创作营
SHIB-0.19%
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Mr.LV
· 07-28 06:25
Go for it 👊
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