In a recent market analysis, crypto expert Alan Santana gave a clear-eyed perspective on Shiba Inu, touting strategic planning at the forefront of trading and keeping emotions at bay. He pointed out that this will probably turn into an accumulation zone with SHIB, leading into 2025. After which, he sees the price really lifting away for those who negotiated the market wisely.
According to Santana, Shiba Inu is currently in a correction phase, with its price likely to drop further into what he calls the “accumulation zone.” As per him, this sideways movement and consolidation phase is the best time for long-term investors to build their positions.
Santana suggests that after this phase, a major bull market is likely to develop, pushing SHIB to new highs. The potential growth, he argues, could be in the range of 20 to 25x the current price by the peak of the next bull run.
Avoiding Emotional Traps in Shiba Inu Trading
Santana’s advice flows from technical analysis all the way to the psychological aspects of trading. He warns against such dangers as excitement and emotional decision-making, which in most cases end terribly. “Excitement in trading is a red flag,” Santana says, adding that it normally heralds a lack of proper research or preparation. He urges calm and methodical conduct, more so in cryptocurrency markets.
The expert elaborates that the need to get into a trade can be so compelling and Ranck-headed, hence clouding judgment with certain common mistakes of prolonged holding or way-too-early exits. Santana thus urges traders at all times to have a clear plan before entering the market and sticking to it despite emotional impulses. To him, a steady patient approach is key to securing profits and minimize losses.
Looking ahead, Santana’s plan for Shiba Inu is to buy and hold, and late 2024 or early 2025 is the best opportunity for big money. At this point, he says that when the market turns bullish, traders will have months to devise a strategy to leave the market because altcoin bull markets tend to last for several months. Santana closes by advising traders to focus on the long-term success and not be overexcited about the short-term excitement.
Related Reading | SEC Greenlights MSTX ETF Offering 175% Leverage on MicroStrategy Stock
