Popular AI chatbot Google Bard has highlighted three tips to help Shiba Inu holders record gains while trading SHIB in the bear market.
As the ongoing bear cycle continues to wreak havoc on the market, investors are looking for the best ways to take trades without incurring losses.
The bear market has crashed the prices of crypto, including Shiba Inu (SHIB). Notably, the vast majority of the 1.34 million SHIB holders are currently underwater.
According to IntoTheBlock data, 89% of Shiba Inu investors are currently in losses at the current price of $0.00000726. Conversely, 9% of all SHIB holders are in profit, while 2% are at break even.
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3 Tips to Maximize Shiba Inu Profit
As a result, we asked the Google-powered AI tool Bard for tips that would help SHIB investors maximize gains.
Market Awareness
Market awareness is one of the tips shared by the AI chatbot to enable Shiba Inu holders to rake in profit amid the bear market. Generally, having a good awareness of the market is essential in trading and investing.
The tip requires SHIB investors to closely monitor the market for updates that could impact the token’s price negatively or positively.
Investors should follow the official accounts of Shiba Inu and its team members. You can also follow prominent SHIB influencers on social media to get fresh updates regarding the canine-themed cryptocurrency.
Interestingly, the AI chatbot also shared some things SHIB investors need to look out for while monitoring the market closely. These include keeping an eye on Shiba Inu’s price movements, trading volume, as well as other updates that can impact price.
Need for Caution
While several analysts have forecasted a massive rally for Shiba Inu in the next bull run, the chatbot still emphasized the need for investors to remember that crypto assets are vulnerable to high volatility.
It warned that SHIB investors should only invest what they can afford to lose. This is mainly because things could go sideways, and investors may run the risk of recording heavy losses.
Stay Updated on SHIB Market Trends
To make SHIB profits, the AI chatbot suggested that investors must stay updated on Shiba Inu market trends. This entails using technical analysis tools and indicators to carefully analyze SHIB price movements on the charts.
Furthermore, it also urged enthusiasts to set clear entry and exit points for their trades.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Source: https://thecryptobasic.com/2023/09/28/google-bard-shares-3-suggestions-to-help-shiba-inu-investors-maximize-gains/?utm_source=rss&utm_medium=rss&utm_campaign=google-bard-shares-3-suggestions-to-help-shiba-inu-investors-maximize-gains