【After watching the market for so many years, SHIB rarely gives me this feeling】
Those who are still watching the market late at night are basically not just here for the excitement.
Especially those who have been keeping an eye on SHIB, who hasn't rolled in from that wave of dog coin frenzy in 2020? Now at this price—0.000008, it looks like pocket change, but do you know, I stared at the candlestick chart for two hours last night and suddenly felt a bit dazed: this trend, why does it look so much like the time it took off at the end of May last year?
It's not a call for investment, nor is it a pie-in-the-sky prediction, just an intuition from an old investor. RSI is at 45, neither strong nor weak, just stuck in a halftime position. The volume hasn't collapsed, and the daily line has tested 0.0000078 several times without breaking, as if someone is supporting it from below. You say it's dead, it insists on taking a breath; you say it's alive, yet it remains stubbornly inactive. But the more it is like this, the more one must keep their eyes open.
The first possibility: it continues to dawdle. Moving sideways, washing back and forth, throwing off all those waiting to chase the breakout, then pulling up a small bullish line to test the resistance. This kind of movement is the most torturous, suitable for long-term investors to slowly accumulate, while short-term traders have probably been shaken out to cut losses. But if the overall market stabilizes, and Bitcoin doesn't suddenly go haywire, SHIB will likely take a leap or two on an emotional wave—after all, when Musk sneezes, the whole Meme circle catches a cold.
The second possibility: it directly drops a bit, breaking through 0.0000076, scaring out the last wave of stop-loss orders, then coming back with a long lower shadow. This is called a "stop-loss trap," specially designed to treat those who don't believe in the trend. If it truly breaks this line, it may actually be the time for heavy investment. I can't say it will surge to 0.00001, but a rebound of 15%–20% shouldn't be too much to ask, right?
Rational analysis for five minutes, FOMO for three seconds.
After all, SHIB is no longer the silly dog that purely gambled on emotions back in the day. Although it's still a meme coin, the community hasn't scattered, ShibaSwap is also evolving, and Layer 2 is being pushed. It’s not like some new coins that run away after a day of hype; it’s a veteran that has endured. So I won't sing the "must-rise anthem," but the scale in my heart has indeed slightly tilted toward the bulls recently.
You ask me if I have any? I have a little, not much, just as a way to extend my youth. After all, for us, what we're holding is not just coins, but that period of crazy yet real market years.
