🚨 #1000SHIBUSDT : BEARISH BREAKDOWN IMMINENT -
Key Evidence from Charts:
1. Technical Breakdown:
- Trading BELOW Bollinger Middle Band (0.013487) → Downtrend confirmed.
- MACD histogram (-0.000082): Accelerating bearish momentum (DIF < DEA).
- Williams %R (-75.47): Near oversold but no reversal signal.
2. Sentiment & Liquidity:
- Extreme long dominance: 75.08% accounts long (L.S. Acco. 3.01) → Contrarian bearish signal (crowded trade risk).
- Negative OBV (-6.65B): Heavy selling pressure (smart money exiting).
3. Volume & Open Interest:
- Volume below MA(5)/MA(10): Buyer exhaustion confirmed.
- Open Interest (83.9M) + falling price = Short squeeze unlikely.
4. Funding & Basis:
- Negative basis (-0.00) & funding rate (-0.12%): Bearish perpetual bias.
Trade Strategy:
- Entry: 0.01278 (current zone)
- Target: 0.01204 (Bollinger Lower Band) → 5.8% downside.
- Stop Loss: 0.01330 (above 24h high).
Why Not Bullish?
- No RSI oversold (<30), no bullish divergence.
- High long liquidation risk (75% long accounts).
> ⚠️ Critical Watch: Close above 0.01330 invalidates bearish thesis.
TL;DR: Short 1000SHIBUSDT targeting 0.01204. Stop loss 0.01330. Bearish momentum accelerating.