$1000SHIB (1h): SHORT BIAS DOMINATES
The price is trending downward with a short bias. Expect an initial drop to 0.004583, followed by further declines to 0.004307 and 0.004092. Short entries can be considered on a fair value gap retest between 0.00489-0.00507, which acts as a retracement and supply zone. Target levels are 0.00458, 0.00430, and 0.00409. Confirmation via a pin bar or bearish engulfing candle is necessary for entry. The bias will shift bullish only if the price closes above 0.00582, the recent high. Place stop loss above the recent swing high. 🚀 Prioritize short positions; consider longs only on a breakout above resistance.
The price is trending downward with a short bias. Expect an initial drop to 0.004583, followed by further declines to 0.004307 and 0.004092. Short entries can be considered on a fair value gap retest between 0.00489-0.00507, which acts as a retracement and supply zone. Target levels are 0.00458, 0.00430, and 0.00409. Confirmation via a pin bar or bearish engulfing candle is necessary for entry. The bias will shift bullish only if the price closes above 0.00582, the recent high. Place stop loss above the recent swing high. 🚀 Prioritize short positions; consider longs only on a breakout above resistance.