$SHIB 📊 Trade Setup
- Entry Zone: 0.00000608 – 0.00000612 (short entries on failed rallies)
- Take Profit 1: 0.00000595
- Take Profit 2: 0.00000580
- Stop Loss: 0.00000625 (above short-term resistance)
SHIB is struggling to hold above 0.00000610, with sellers leaning heavily into the order book. Despite minor intraday gains earlier, the broader trend remains weak, and momentum signals point toward renewed downside. Unless bulls reclaim higher ground quickly, expect further erosion toward lower supports.
🔎 Market Outlook
- Momentum: Bearish momentum dominates; volume spikes align with sell pressure.
- Trend: Longer-term trend remains decisively bearish, with SHIB down over 60% year-on-year.
- Key Levels: Support at 0.00000593 is critical; a breakdown opens room toward 0.00000580. Resistance capped at 0.00000620–0.00000625.
- Bias: Sellers remain in control; rallies likely to be short-lived.
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