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Recently, there has been a lot of discussion in the SHIB community, especially when combined with the market volatility expectations at the end of the year. Many are starting to rethink the future trends of XRP, Bitcoin, and SHIB.
I noticed that Ripple has recently moved a large amount of XRP, while SHIB has been releasing some bullish signals. To be honest, seeing such news can easily make people hard to contain their excitement. Currently, SHIB's trading price is around $0.000007, and the market is still in a consolidation phase, with the RSI indicator at about 49.0. Based on the data, it hasn't reached the stage of a true breakout yet. However, looking solely at technical indicators isn't always enough—community enthusiasm is already rising, and this emotional support is also worth paying attention to.
Personally, I tend to believe that SHIB might see a good upward potential under the combined influence of this market enthusiasm and Ripple-related actions. From a key price level perspective, short-term support is at $0.000007, with resistance around $0.000008. If it can successfully break through $0.000008, there is indeed room for further performance.
My own trading plan is to first establish a small experimental position, with a stop-loss set at $0.0000065 for safety, and an initial target price of $0.0000085. If the market indeed moves strongly in the expected direction, I will consider gradually adding to my position in batches. After all, increasing holdings moderately in a direction you believe in is a common approach.
What do you all think of this idea? Let's discuss in the comments.