SHIBA SHIBA SHIBA

Key Observations:

Price Action:

Current close: 0.00001508 (near the low of the candle: 0.00001507).

Minimal change (0.00%) and low amplitude (0.13%), suggesting consolidation but with weak upside momentum.

RSI(6): 52.76 (neutral but leaning toward overbought for scalping in a ranging market).

MACD(12,26,9): -0.00000001 (histogram slightly negative, hinting at potential downside momentum).

Chart Levels:

Immediate resistance: 0.00001509 (today’s high).

Support zone: 0.00001480–0.00001490 (previous lows).

Short Trade Setup (Scalping):

Entry: 0.00001507–0.00001508 (near current price, targeting a break below the low).

Stop Loss: 0.00001512 (just above today’s high to limit risk).

Take Profit: 0.00001490 (first support level for quick scalp).

Risk-Reward Ratio: ~1:2 (conservative scalp).

Confirmation: Watch for MACD histogram expanding downward or RSI dropping below 50.

Note: Scalping requires tight risk management—exit if price stalls near entry or shows reversal signs (e.g., bullish candle close above 0.00001509).

Alternative: If price breaks 0.00001509, cancel the short and wait for a retest or higher timeframe direction.