$SHIB
$SHIB
Here is a detailed and up-to-date technical analysis of SHIB (Shiba Inu) based on the current price trading around $0.00000570 and the liquidity movement in the order books:
đą 1. Long Setup - Support and Consolidation Zone Bounce
Ideal Entry Zone: Between $0.00000550 and $0.00000565 (a strong demand range representing an immediate support base that is gradually absorbing selling pressure)
Take Profit Targets
TP1: At $0.00000590 (initial resistance to test rapid momentum)
TP2: At $0.00000620 (targeting the adjacent minor resistance and partial profit)
TP3: At $0.00000660 (main upper target to test the major liquidity wall and previous supply zones)
Stop Loss Level: A 4-hour candle closes below $0.00000535 (to protect the portfolio and avoid any break of the current support structure)
đŽ 2. Short Setup - Price Rejection at the Upper Resistance
Ideal Entry Zone (Resistance): Proactively sell cautiously upon touching the resistance range between $0.00000615 and $0.00000635 if reversal wicks appear and buying momentum weakens
Take Profit Targets:
TP1: At $0.00000580
TP2: At $0.00000555
Stop Loss Level: A clear 4-hour candle close above $0.00000650 (invalidating the reversal scenario and confirming buyer control and a break above the resistance)
đ 3. Reasons for Recommendation and Rational Analysis
SHIB is moving within a narrow sideways range, reflecting a state of anticipation in the altcoin sideways market
Technically (Buy): The buy scenario is based on the price bouncing off historical and short-term support levels around the $0.0000055 barrier, with ongoing token burning supporting a reduction in supply over time, and moderate intraday momentum indicators
Reversal and Sell Scenario: Sell options have been established at the supply and resistance zones extending towards $0.0000062 - $0.0000064, where quick profit-taking orders from speculators typically accumulate. This suggests a likely temporary downward correction before any attempt to break higher
$SHIB @Shiba Inu #SHÄ°B
@LegendWorldCrypto2024
#Legendworldcrypto2025
$SHIB
Here is a detailed and up-to-date technical analysis of SHIB (Shiba Inu) based on the current price trading around $0.00000570 and the liquidity movement in the order books:
đą 1. Long Setup - Support and Consolidation Zone Bounce
Ideal Entry Zone: Between $0.00000550 and $0.00000565 (a strong demand range representing an immediate support base that is gradually absorbing selling pressure)
Take Profit Targets
TP1: At $0.00000590 (initial resistance to test rapid momentum)
TP2: At $0.00000620 (targeting the adjacent minor resistance and partial profit)
TP3: At $0.00000660 (main upper target to test the major liquidity wall and previous supply zones)
Stop Loss Level: A 4-hour candle closes below $0.00000535 (to protect the portfolio and avoid any break of the current support structure)
đŽ 2. Short Setup - Price Rejection at the Upper Resistance
Ideal Entry Zone (Resistance): Proactively sell cautiously upon touching the resistance range between $0.00000615 and $0.00000635 if reversal wicks appear and buying momentum weakens
Take Profit Targets:
TP1: At $0.00000580
TP2: At $0.00000555
Stop Loss Level: A clear 4-hour candle close above $0.00000650 (invalidating the reversal scenario and confirming buyer control and a break above the resistance)
đ 3. Reasons for Recommendation and Rational Analysis
SHIB is moving within a narrow sideways range, reflecting a state of anticipation in the altcoin sideways market
Technically (Buy): The buy scenario is based on the price bouncing off historical and short-term support levels around the $0.0000055 barrier, with ongoing token burning supporting a reduction in supply over time, and moderate intraday momentum indicators
Reversal and Sell Scenario: Sell options have been established at the supply and resistance zones extending towards $0.0000062 - $0.0000064, where quick profit-taking orders from speculators typically accumulate. This suggests a likely temporary downward correction before any attempt to break higher
$SHIB @Shiba Inu #SHÄ°B
@LegendWorldCrypto2024
#Legendworldcrypto2025
