๐จ $SHIB /USDT โ Meme Coin Momentum or Breakdown Ahead? ๐ถ๐ฅ
$SHIB has seen a sharp -6.50% drop today, hovering near support! Are we prepping for a bounce, or is this a deeper dip incoming? Letโs analyze the data:
๐ Market Overview
๐ Current Price: $0.00001439
๐ 24h High: $0.00001574
โ๏ธ 24h Low: $0.00001418
๐ Parabolic SAR: Not explicitly listed (assumed bearish near current price)
๐ MACD Momentum: (Derived from implied momentum shift)
RSI (6): 33.12 (Oversold territory!)
Volume (24h): 3.59T SHIB / $53.29M USDT
Short-term MA (7): 0.00001445
Mid-term MA (25): 0.00001481
Long-term MA (99): 0.00001484
โ ๏ธ SHIB trading under all major MAs = bearish trend short-term.
๐ SHIB Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If SHIB Holds Above $0.00001420):
Entry: Above $0.00001450
Targets: $0.00001520, $0.00001574, $0.00001616
Stop-Loss: $0.00001388
๐น Bearish Scenario (If SHIB Breaks Below $0.00001420):
Entry: Below $0.00001420
Targets: $0.00001377, $0.00001300
Stop-Loss: $0.00001480
๐ Should You Hold or Sell?
โ RSI below 35 = possible short-term rebound incoming!
โ Watch for a reclaim of MA(7) at $0.00001445 to confirm bounce.
๐ซ Failure to hold $0.00001420 could trigger more downside toward $0.00001377.
๐ก Pro Tip:
๐ Oversold RSI + high meme coin volume often lead to sharp recovery movesโbut only if key support holds!
๐ Lack of volume or failure to reclaim $0.00001450 = exit early!
๐ข Whatโs your next moveโbuy the dip or sit this one out? Drop your thoughts below! ๐
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