$1000SHIB LIQUIDITY SETUP
I’m watching $1000SHIB for a short after the $0.00592 long liquidation. Buyers getting flushed here suggests weakness, especially if price cannot reclaim the nearby resistance zone.
Entry: $0.00590–$0.00598
Stop Loss: $0.00612
TP1: $0.00575
TP2: $0.00560
TP3: $0.00542
I want to see continued rejection and selling momentum before taking the trade. A strong reclaim above $0.00612 would weaken this idea.
Keep an eye on momentum and liquidity before entering.
I’m watching $1000SHIB for a short after the $0.00592 long liquidation. Buyers getting flushed here suggests weakness, especially if price cannot reclaim the nearby resistance zone.
Entry: $0.00590–$0.00598
Stop Loss: $0.00612
TP1: $0.00575
TP2: $0.00560
TP3: $0.00542
I want to see continued rejection and selling momentum before taking the trade. A strong reclaim above $0.00612 would weaken this idea.
Keep an eye on momentum and liquidity before entering.