Long SHIB, not cause I want to, but cause I have to.
I never thought I would touch this coin.
Quick Story: On Christmas Day 20220 I was hanging at my father's house with my wife and family celebrating the holidays. We were video chatting with other family in Oregon and my cousin hears that I am "in to crypto." He asks if I have ever heard of Shib Inu Coin. I told him that I had heard something about a Dodge coin like token that looked like it was piggybacking on Dodge's popularity. He then told me it had just popped like 100% plus in the last few days. I retorted that probably best not to touch it as if it already went up that much, then you would be the greater fool and be holding this coin while it went to zer0. To my credit I did say that I do not know everything and that if I did I would be celebrating the holidays with my family on our private island in the Caribbean. So... we all know what happened right... to the moon went the SHIB.
I still feel bad about not encouraging him to just pull the trigger, instead I just shilled him on Chain Games (I was thinking about getting hooked into crypto not to get burned, at least with ChainGames he could wager on Call of Duty). Lesson of the story is we never know which token is going to be the lottery ticket and with this there is more than a one chance to make it.
Background: Shout out to the little birdy who tweeted about this trade (or should I say penguin) @pentoshi1 tweeted about this 4 or 5 days ago.
SHIB fo the long. Looks to be a good r/r with a short stop on the trade. Obligatory crypto warning...DO NOT enter trades without defined stops. Also enter those stop trades when entering into the primary trade. Getting stopped sucks but when the bottom falls out that sucks worse. You are all pros here so I am obviously just reminding myself. Beware thin order books market makers will hunt your stops. Trade coins like these in the deepest market you can find to prevent this as much as possible.
The Trade: Shib has been losing value since the ATH in late October. Looking to long at .0000265 USD. Stop is set at about 20% below at .0000212 USD. Looking to long for 66% return at about .000044 USD. Support is nowhere in sight under the stop with the closest just below .00001 USD.
Not much else to say other than there is a higher support /resistance area around .000036 that may stop the upward momentum and I will exit if price sticks to that level. Am hoping will blast through this level. The little birdy mentioned some rumors were to be making its way to the street in February. This could be the catalyst needed to send this dog flying once more.
Quick Story: On Christmas Day 20220 I was hanging at my father's house with my wife and family celebrating the holidays. We were video chatting with other family in Oregon and my cousin hears that I am "in to crypto." He asks if I have ever heard of Shib Inu Coin. I told him that I had heard something about a Dodge coin like token that looked like it was piggybacking on Dodge's popularity. He then told me it had just popped like 100% plus in the last few days. I retorted that probably best not to touch it as if it already went up that much, then you would be the greater fool and be holding this coin while it went to zer0. To my credit I did say that I do not know everything and that if I did I would be celebrating the holidays with my family on our private island in the Caribbean. So... we all know what happened right... to the moon went the SHIB.
I still feel bad about not encouraging him to just pull the trigger, instead I just shilled him on Chain Games (I was thinking about getting hooked into crypto not to get burned, at least with ChainGames he could wager on Call of Duty). Lesson of the story is we never know which token is going to be the lottery ticket and with this there is more than a one chance to make it.
Background: Shout out to the little birdy who tweeted about this trade (or should I say penguin) @pentoshi1 tweeted about this 4 or 5 days ago.
SHIB fo the long. Looks to be a good r/r with a short stop on the trade. Obligatory crypto warning...DO NOT enter trades without defined stops. Also enter those stop trades when entering into the primary trade. Getting stopped sucks but when the bottom falls out that sucks worse. You are all pros here so I am obviously just reminding myself. Beware thin order books market makers will hunt your stops. Trade coins like these in the deepest market you can find to prevent this as much as possible.
The Trade: Shib has been losing value since the ATH in late October. Looking to long at .0000265 USD. Stop is set at about 20% below at .0000212 USD. Looking to long for 66% return at about .000044 USD. Support is nowhere in sight under the stop with the closest just below .00001 USD.
Not much else to say other than there is a higher support /resistance area around .000036 that may stop the upward momentum and I will exit if price sticks to that level. Am hoping will blast through this level. The little birdy mentioned some rumors were to be making its way to the street in February. This could be the catalyst needed to send this dog flying once more.
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