$SHIB bearish pressure building as price tests the lower range.
*Trading Plan SHORT: $SHIB*
*Entry:* 0.00000520 - 0.00000535
*Stop-Loss:* 0.00000558
*TP1:* 0.00000495
*TP2:* 0.00000470
*TP3:* 0.00000440
$SHIB is showing increasing selling pressure as price continues to hold below key resistance. The recent bounce lacks strong bullish momentum, suggesting buyers are weak while sellers remain active near the 0.00000530 liquidity zone. Market structure remains lower-highs, favoring shorts on rejection.
If the entry zone holds as resistance and bearish momentum continues, the setup favors another move lower toward the next support and liquidity areas.
Click and Trade $SHIB here
$SHIBUSDT
Perp
Current Price: 0.00000516
#EarningsSeason #JapanTransportMinisterToStudyStablecoinTaxRefunds #NEAROpensVoteToCutAnnualIssuanceTo1.6% #CFTCSeeksCommentOnRetailDigitalAssetFramework #SwitzerlandApprovesFirstBitcoinETF
*Trading Plan SHORT: $SHIB*
*Entry:* 0.00000520 - 0.00000535
*Stop-Loss:* 0.00000558
*TP1:* 0.00000495
*TP2:* 0.00000470
*TP3:* 0.00000440
$SHIB is showing increasing selling pressure as price continues to hold below key resistance. The recent bounce lacks strong bullish momentum, suggesting buyers are weak while sellers remain active near the 0.00000530 liquidity zone. Market structure remains lower-highs, favoring shorts on rejection.
If the entry zone holds as resistance and bearish momentum continues, the setup favors another move lower toward the next support and liquidity areas.
Click and Trade $SHIB here
$SHIBUSDT
Perp
Current Price: 0.00000516
#EarningsSeason #JapanTransportMinisterToStudyStablecoinTaxRefunds #NEAROpensVoteToCutAnnualIssuanceTo1.6% #CFTCSeeksCommentOnRetailDigitalAssetFramework #SwitzerlandApprovesFirstBitcoinETF