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SHIB is a coin-meme that appeared so rapidly that it became a threat even to the original cryptocurrency-meme Dogecoin. A lot of people have invested in Shiba Inu, it’s being actively discussed, so much so that SHIB has caught the attention of Peter Brandt.
Note that the coin attracted the attention of major whales of the industry, and now the 100 largest Ethereum whales currently own 11.96 trillion Shiba Inu worth $ 155 million.
In his tweet, Peter shared a chart on Shiba Inu and commented on the price movement of the token. According to him, SHIB needs to stay above the neck line to maintain the price balance and avoid capitulation. The bearish mood can be reversed if the coin stays above the specified neck line.
When we hold above the trend line, we will see the signal B (Buy), but when it breaks through, the letter S appears, which means Sell.
#Experienced #trader #Peter #Brandt #appreciated #dynamics #Shiba #Inu