$SHIB #SHB (H1) chart
Current Price: 0.00000955
Key Technical Indicator
(MA): Now at 0.00000965. The price has broken below this key support level. This is a bearish development from the previous analysis.
Critical Observation: The price is now trading BELOW both the MA(50) and the two key EMAs. This is a strong technical signal that sellers have taken control and the short-term trend has turned negative.
Summary: The market context has shifted from "cautiously bullish" to bearish.
Trade Idea: Short on Retest of Resistance
This trade capitalizes on the new bearish momentum by selling into a potential pullback to the newly established resistance.
Direction: SHORT (Sell)
Trade Plan:
Entry Condition:
Wait for a price retest of the resistance zone between 0.00000965 and 0.00000975. Look for a rejection sign, such as a bearish candlestick pattern in this zone.
Entry Price:
On a confirmed rejection within the resistance zone. A specific entry could be 0.00000970.
Stop-Loss (SL):
Place the stop-loss just above the resistance zone, around 0.00000985.
Take-Profit (TP) Targets:
TP1: 0.00000945 Secure partial profits here.
TP2: 0.00000910 0.00000900
Risk (Entry to Stop-Loss): ~0.00000015
Reward (Entry to TP2): ~0.00000060
R:R Ratio > 1:4
Alternative Scenario: Aggressive Short
If the price does not retest the resistance and instead continues to fall with momentum, an aggressive entry could be considered:
Entry: A break and close below the immediate support at 0.00000940.
Stop-Loss: 0.00000970.
Take-Profit: Target the 0.00000900 support zone.
Critical Disclaimer
This is not financial advice. Trading low-cap cryptocurrencies like SHB is extremely high risk.
Volatility Warning: This asset can experience violent price swings.
Confirmation is Key: Do not enter without a clear rejection candle or breakdown confirmation.
Manage Your Risk: The stop-loss is non-negotiable. Never risk more than you are willing to lose completely.