Shiba to All Time High

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I believe Shiba Inu is poised to reach its all-time high. Bitcoin reaching a new ATH is the major catalyst here, and it’s currently forming a valid higher low, though it’s not very obvious. I think the current setup will push BTC above $80,000 in the near future.

Shiba Inu is the flagship memecoin, which had one of the greatest pumps back in 2021. In March, we also saw it move sharply, mimicking the velocity of the 2021 pump. It has had a strong accumulation phase, and this community project has been developing a great ecosystem over the past few years.

Take profit levels:

TP1: 0.11466
TP2: 0.30848
TP3 (potential short): 0.36021

Shiba moves in a way that is groundbreaking compared to the rest of the altcoins. Once it runs, it becomes unshortable, and many people end up getting burned in the process.

Enjoy the ride!
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