$SHIB /USDT based on the data you shared:
Current Price Data
Last Price: 0.00000582 USDT (~Rs0.001629)
24h High / Low: 0.00000675 / 0.00000581 USDT
24h Volume (SHIB): 3.08T
24h Volume (USDT): 19.42M
Price Change (24h): -10.87%
Technical Analysis for Short Setup
Trend:
SHIB is in a downtrend, with a sharp drop of ~11% in 24h.
Price is testing recent lows at 0.00000581, suggesting further weakness is possible if support breaks.
Resistance Levels (for short entry):
Immediate resistance: 0.00000600–0.00000605 USDT (previous minor consolidation zone).
Secondary resistance: 0.00000620 USDT (recent failed breakout level).
Support Levels (targets for short):
Immediate support: 0.00000575 USDT (if broken, continuation likely).
Secondary support: 0.00000560 USDT (psychological level, extended target).
Extended support: 0.00000540 USDT (swing lows from past sessions).
Volume & Momentum:
High 24h trading volume indicates strong selling pressure.
Momentum indicators (RSI) likely in oversold territory, so watch for small bounces before entry.
Short Trade Plan
Entry Zone: 0.00000595–0.00000605 USDT (near minor resistance / after small pullback)
Stop Loss: 0.00000620 USDT (above minor resistance)
Take Profit Targets:
TP1: 0.00000575 USDT
TP2: 0.00000560 USDT
TP3: 0.00000540 USDT
Risk-Reward:
Risking ~0.00000015–0.00000025 USDT to target 0.00000020–0.00000065 USDT → roughly 1:1 to 2.5:1 reward ratio.
✅ Summary:
SHIB/USDT is in a bearish momentum. A short near 0.00000595–0.00000605 USDT with a stop at 0.00000620 USDT targets a pullback toward 0.00000575–0.00000540 USDT. Watch for volume spikes and small bounces as entry opportunities.
