#Shibalnu
๐จ $SHIB โ Imbalance Zone Retest & 1D Correction ๐
โช๏ธ Order Flow Bias: Neutral/Bearish ๐ก (Correction Phase)
โช๏ธ Expected Mitigation Range: $0.00000420 โ $0.00000485
โช๏ธ Liquidity Target 1: $0.00000456 (Imbalance midpoint)
โช๏ธ Liquidity Target 2: $0.00000499 (Resistance)
โช๏ธ Structural Invalidation: $0.00000420 (Break of support)
Institutional Macro & Market Analysis:
SHIB has corrected 11% after its explosive rally, with $2.1M in long liquidations. The price is now moving toward the imbalance zone between $0.00000420 and $0.00000485, a key technical area that could attract buyers. The daily chart shows SHIB holding above EMA8 ($0.00000462) but below VWAP ($0.00000469) at $0.00000463.
Token burn activity has dropped sharply, removing a supply-side support. The Stochastic RSI is retreating from overbought, consistent with the correction. The midpoint of the imbalance zone at $0.00000456 is the next target. Bulls need to defend the zone to prolong the trend.
#RafeTrades
"CLICK HERE๐๐๐ TO TRACK THE LIVE CHART & TRADE"
$SHIB
$BTC
Disclaimer: Market structure tracking for informational purposes. Not financial advice. Always DYOR. ๐ก๏ธ
๐จ $SHIB โ Imbalance Zone Retest & 1D Correction ๐
โช๏ธ Order Flow Bias: Neutral/Bearish ๐ก (Correction Phase)
โช๏ธ Expected Mitigation Range: $0.00000420 โ $0.00000485
โช๏ธ Liquidity Target 1: $0.00000456 (Imbalance midpoint)
โช๏ธ Liquidity Target 2: $0.00000499 (Resistance)
โช๏ธ Structural Invalidation: $0.00000420 (Break of support)
Institutional Macro & Market Analysis:
SHIB has corrected 11% after its explosive rally, with $2.1M in long liquidations. The price is now moving toward the imbalance zone between $0.00000420 and $0.00000485, a key technical area that could attract buyers. The daily chart shows SHIB holding above EMA8 ($0.00000462) but below VWAP ($0.00000469) at $0.00000463.
Token burn activity has dropped sharply, removing a supply-side support. The Stochastic RSI is retreating from overbought, consistent with the correction. The midpoint of the imbalance zone at $0.00000456 is the next target. Bulls need to defend the zone to prolong the trend.
#RafeTrades
"CLICK HERE๐๐๐ TO TRACK THE LIVE CHART & TRADE"
$SHIB
$BTC
Disclaimer: Market structure tracking for informational purposes. Not financial advice. Always DYOR. ๐ก๏ธ