🔥 $SHIB is building strength beneath resistance: the upside target remains in play
🧱 On the 4H chart, the price is holding within a range near the 0.00600–0.00603 zone. This looks like accumulation: pullbacks are being bought, while resistance is being pressured from below.
🚀 A close above 0.00603 opens the way to the local high at 0.006241. Beyond it, liquidity remains untapped and targets remain unfilled.
🛡 If the breakout fails, the zones of interest below are 0.00585 and 0.00575. As long as the price holds above them, the bullish scenario remains valid.
🌍 The macro backdrop is still supportive of the market: odds of a Fed rate hike in October have dropped significantly, and flows into BTC ETFs have been positive for a third consecutive week. But CPI is due on October 14, and the Fed decision comes on October 28. So it’s best to wait for a confirmed close above 0.00603 before calling a breakout.
💬 Which level will break first: 0.00603 to the upside or 0.00585 to the downside?
❗️ Be alert and cautious. Always manage your risk.
$SHIB
🧱 On the 4H chart, the price is holding within a range near the 0.00600–0.00603 zone. This looks like accumulation: pullbacks are being bought, while resistance is being pressured from below.
🚀 A close above 0.00603 opens the way to the local high at 0.006241. Beyond it, liquidity remains untapped and targets remain unfilled.
🛡 If the breakout fails, the zones of interest below are 0.00585 and 0.00575. As long as the price holds above them, the bullish scenario remains valid.
🌍 The macro backdrop is still supportive of the market: odds of a Fed rate hike in October have dropped significantly, and flows into BTC ETFs have been positive for a third consecutive week. But CPI is due on October 14, and the Fed decision comes on October 28. So it’s best to wait for a confirmed close above 0.00603 before calling a breakout.
💬 Which level will break first: 0.00603 to the upside or 0.00585 to the downside?
❗️ Be alert and cautious. Always manage your risk.
$SHIB