Top Trader Says He Is ‘5X Short’ On Shiba Inu Price, Here’s Why

Quick Summary:

As Shiba Inu price faces rejection at a crucial resistance level, a top trader has said he is opening a 5X Short leverage position on SHIB, anticipating a 28% crash from the current price.

Why Shiba Inu Price Could Drop to $0.

SHIB/USDT Price Chart

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Price Analysis SHIB Shiba Inu Price Shiba inu price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 06:46:06 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23362126

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 21 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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