Post
Topic
Board Speculation (Altcoins)
Re: Will Shiba INU tokens continue to rise?
by
aylabadia05
on 18/11/2021, 15:11:45 UTC
Don't be like that, even though all coins have the impact of Bitcoin when the price goes up or down. Who knows Shiba Inu will be profitable as long as the target is not set too high. At least the percent target that will be installed is around 3% of the purchase price.
In general, the 3% target for profit is still very logical and worth considering, but you also need to look at the condition of the Shiba Inu in a correction time like now, because the almost 9% price drop on a meme coin is a very big thing and very risky, unless you know the lowest price point for the coin so you can make a bold decision to buy it.
In times of market correction like today, almost all coins experience a decline and there is not a single coin that does not follow the decline, especially Bitcoin.
3% of the purchase price is still very suitable to be ordered or 3% of the profit from the purchase price is very suitable if it is made a target hold. Because tokens like Shiba Inu don't have to hold on for very long. If the target has been achieved, just let go.