A top trader has declared a 5X short leverage position on Shiba Inu (SHIB) amidst the cryptocurrency's struggle at a key resistance point. This move suggests an anticipated 28% downturn from the existing price level.
Such a decision reflects a substantial bearish outlook on SHIB, contrary to previous optimistic views on its performance.
Over recent days, SHIB's price has already encountered a 5.8% dip, validating the trader's negative predictions for the near future.
