"correct place" for the shine? there's no such thing. study from life a bit instead of relying on what other people have done. Newest edit is going backwards IMO - it's getting softer instead of cleaner.
it helps, but maybe try to use light, too, to define edge. edges are created when extremes meet, and many people forget that this includes bright lights as well as dark shadows.
Good colors on this one. My only critique is that shine. It should be on the same level as the hand but it seems to be slightly downward. If you know what I mean.
Want to give some dough back to all those amazing pixel artists? Donations provide prize money for contests, help cover hosting costs and support new initiatives.