$SHIB +5% BOUNCE HOLDING, BUT STILL UNDER KEY RESISTANCE
$SHIB is currently trading at 0.00001663, gaining +4.99% on the day after bouncing off the local support near 0.00001659. While the recovery is promising, price is now facing overhead resistance and buyers need to push through for momentum to continue. The order book shows a bullish tilt with 56.82% bid strength.
Key Levels to Watch
• Resistance Zone: 0.00001700 – 0.00001765
A breakout above this level could send price toward:
• TP1: 0.00001820
• TP2: 0.00001890
• Support Zone: 0.00001640 – 0.00001660
A break below this zone may trigger a short-term reversal toward:
• TP1: 0.00001600
• TP2: 0.00001561
Trade Setup – Bullish Rebound in Progress
• Bullish Entry: On breakout above 0.00001700
• Bearish Entry: Below 0.00001640 with volume confirmation
• Stop-Loss: Below 0.00001630 for longs / Above 0.00001710 for shorts
Volume is strong at 35.2B, showing active interest. If buyers step in above 0.00001700, SHIB could reclaim higher zones quickly.