Trade Setup:
$SHIB at a Pivot Point - News, Charts & 700B Whale Move 🐋📈
Traders,
$SHIB is flashing multiple high-signal alerts. While Binance delisted the SHIB/DOGE pair due to low liquidity, the token remains fully tradeable (SHIB/USDT). More importantly, the charts show a critical technical pattern unfolding amid a massive 700 billion SHIB withdrawal from exchanges this week.
📊 The Technical Blueprint (See Chart Below):
The 4-hour chart is forming a potential double-bottom pattern, a classic reversal signal. The key level defining this setup is $0.00000834 (the neckline resistance).
· Bullish Breakout: A sustained close above $0.00000834** confirms the pattern, targeting a move toward **$0.0000086 (an 8-10% surge from current levels).
· Critical Support: The lows of the double-bottom near $0.0000075 must hold. A break below invalidates the setup.
🧠 The "Why" Behind the Move (Long-Term Thinking):
This isn't random noise. The withdrawal of 700B SHIB from exchanges suggests accumulation, reducing immediate sell pressure. Furthermore, February has historically been a strong month for SHIB, averaging +9.26% gains. This confluence of technicals, on-chain movement, and seasonal trend creates a high-probability watch zone.
1. FOR THE BREAKOUT: Watch for a decisive, high-volume break above $0.00000834. Consider that your long trigger.
2. FOR THE DIP: If price retests the $0.0000075 support and holds with a bullish reversal candle, it could present a strategic entry.
3. MANAGE RISK: Always use a stop-loss. In volatile meme markets, protecting capital is rule #1.
🚨 YOUR MOVE - THIS IS HOW YOU EARN:
Don't just analyze—act on the chart. Click the
$SHIB price widget below RIGHT NOW.
· Set your alert at the decisive $0.00000834.
· Plan your trade: Will you buy the breakout or wait for a pullback?
Community Q: Do you see the double-bottom pattern playing out, or is the broader market sentiment too weak for
$SHIB ?
#shibaInu #SHİB #trading #TechnicalTruths #Write2Earn