$SHIB TECHNICAL ANALYSIS – BEARISH TO NEUTRAL TREND IN PLAY ⚖️
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Market Overview:
Shiba Inu ($SHIB) continues to consolidate after failing to break key resistance zones. Current price action suggests a bearish-to-neutral trend in the short term, with critical levels coming into focus. A confirmed breakout or breakdown will likely define the next directional move.
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📍 Current Price: ~$0.00001216
🔑 Key Support Levels:
$0.00001080 – Immediate support, previously held as a demand zone.
$0.00000950 – A deeper structural support; loss of this could trigger extended downside.
🔼 Key Resistance Levels:
$0.00001350 – Primary resistance, rejecting bullish attempts.
$0.00001550 – Next bullish target if momentum builds above the breakout zone.
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📈 Trade Setup – Long (Breakout Strategy):
Entry: Above $0.00001350 (on confirmed breakout with volume)
Take Profit 1: $0.00001480
Take Profit 2: $0.00001550
Stop Loss: Below $0.00001280
📉 Trade Setup – Short (Rejection Strategy):
Entry: On rejection below $0.00001350 with bearish confirmation
Take Profit 1: $0.00001150
Take Profit 2: $0.00001080
Stop Loss: Above $0.00001420
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📊 Technical Bias: Bearish to Neutral
Until a decisive move beyond the key resistance zone occurs, $SHIB remains in a sideways-to-downward channel. Traders should remain cautious and avoid overcommitting in low-volatility conditions.
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🔒 Risk Management:
Use 1–2% capital risk per trade
Define clear Stop Loss and Take Profit levels
Avoid overleveraging, especially in high-volatility meme coins
Reassess bias upon each level breakout or breakdown
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