SHIB, IS IT TIME TO TAKE SHIB BEHIND THE BARN? PREP FOR DIPPotential SHIB trade.
Would look something like this if it was to occur.
Chances that it looks this clean (orange arrow) is not likely.
However, if price rides a steep trend down, and we catch some mega support under some previous support, we're likely to have a very favorable trade.
Basically, this chart is prepping for a potential drop on the yellow circle trend breaks. SHOULD we see a drop, there is no reason to panic, as theoretically, if you viewed this chart, you should be prepared to buy this dip.
Now, does it go as low as .000007 or can it hold .000009. IMO, it is more likely to favor the lower price target.
This price target catching (Maybe even on a wick, within the week, or day), implies favorable odds all the way over .00001
Should this dip not occur, the price targets and trends are still relevant, however, the chart is primarily for prep of the potential drop showing on the charts.
If we reject off our top price target in our trade window, we'd look to buy the dip right around .0000098, waiting to see if we catch more support and see some higher numbers building.
