No Longer A Meme Coin. Shiba Inu To One Cent For FTX:SHIBUSD By Soaringtothestars

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Multi Timeframe Analysis

Hint: Robinhood listing, token burn and shiboshis see Shiba Inu to 1 cent

Recommendation: Retrace to 38% up to 61% fibonacci level then continual surge to 1cent

I’m bullish for the long term. Facebook announced integrating the meme coin into its payment system. The recent listing at Public, Binance and Coinbase had been fueling this pocket rocket. Token burns aligned with shiboshi rename further bolsters value per token

I have a few million tokens and will hold till the 1 cent price

MARKET ORDER RULES

Market order position upon the confluence of valid entry rules on the 4H or 1H chart.

-=ENTRY RULES=-

Trading philosophy: Don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.

Note: I use Daily/4H or 4h/1H market structures with wave analysis to prep for potential entries. The RSI , MACD and EMA indictors are confirmation for entries at the 4H or 1H timeframe

For SHORT:

4H chart should confirm that the bullish retrace had turned bearish in the direction of master trend. The MACD should have dropped below zero signifying a bearish environment. Price would have dropped below the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is below the 50 signal line

For LONG:

4H chart should confirm that the bearish retrace had turned bullish in the direction of the master trend. The MACD should have gone above zero signifying a bullish environment. Price had gone above the 10 and 20 EMA . For good measure, check that the 4h and D1 RSI is above the 50 signal line

About me

I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow.

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