SHIBUSDT is consolidating above the key support at 0.00001373, sitting right at the intersection of the upward trendline and a major structure retest. A wedge pattern suggests cooling pressure, with the setup favoring a bullish breakout if buyers step in near this confluence. The key target lies in the 0.00001727 zone, aligning with prior highs inside the resistance channel. A breakdown below trendline support would invalidate this bullish outlook.
๐ Key Levels
Buy zone: 0.00001350 โ 0.00001373
Buy trigger: breakout above wedge and upward trendline defense
Target: 0.00001727
Sell trigger: close below 0.00001350
๐ก Risks
Weak volume on breakout may signal a fake move.
Sudden volatility from BTC could derail recovery.
Failure to hold the trendline flips structure bearish.