$SHIB Price Action Update – Accumulation Break Ahead?🤔🔐👇
Current Price: 0.00001480
Timeframe: 1H & 1D
Trade Duration: Short to Mid-term (2-3 days)
Technical Breakdown:📊📉
1H Chart: $SHIB is showing strength after reclaiming the mid-supply zone near 0.00001469. Price is pushing toward the upper resistance at 0.00001600 with strong momentum.
1D Chart: A bullish engulfing candle has formed after a base-building phase just above the 50EMA. This suggests accumulation and a potential breakout setup.
Indicators: Stochastic RSI is nearing overbought territory (91.06), showing strong momentum but approaching a possible pullback zone.
Why Bullish?🤔💥
Strong base formed above 0.00001400
Recent BOS (Break of Structure) confirmation
Volume building around breakout levels
Clear reclaim of key EMAs showing strength
Trade Strategy Plan:🧑🏫
Entry Zone: 0.00001450 – 0.00001480✅
Short-Term Target: 0.00001560🎯
Mid-Term Target: 0.00001603+🎯
Stop-Loss: Below 0.00001430☣️
Risk-Reward: Approx. 1:2.5
Global Trend Insight:🌍📉
Overall crypto market sentiment is cautiously bullish, with BTC holding above $105K. Memecoins like $SHIB are gaining traction again with increasing retail engagement post-ETF optimism and DOGE ecosystem buzz.
Takeaway:🧑💻
Watch for clean candle close above 0.00001490 to confirm breakout. Pullbacks are likely to be bought up quickly if BTC remains stable.
👨❤️👨“A prepared trader sees opportunity where others see noise.”
Disclaimer:⚠️
This is not financial advice. Always DYOR (Do Your Own Research).
