⚠️ #SHIBUSDT Bearish Reversal Setting Up - Short Opportunity
📊 Technical Breakdown:
1. Critical Bearish Signals:
- STOCHRSI (90.53) & MASTOCHRSI (87.72) → Extreme overbought territory
- Negative OBV (-6.4B) → Heavy distribution by whales
- Price rejected at Bollinger Middle Band (0.012794) → Downtrend confirmed
2. Weak Momentum & Sentiment:
- MACD (0.000066) fading despite negative DIF/DEA → Dead cat bounce
- RSI(6) neutral (50.97) → No bullish conviction
- 74.69% long accounts → Liquidation fuel below 0.012387
3. Price Structure Breakdown:
- Trading below key VWAP and 4H EMAs
- Lower highs formed at 0.013201 (Bollinger UP)
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🎯 Trading Plan:
Action:- SHORT- 0.01285-0.01290 Optimal rejection zone.
STOP:- 0.01330 Above Bollinger Upper Band
TP1:- 0.01265 Immediate liquidity pool
TP2:- 0.01239 Bollinger Lower Band (Target)
### ⚙️ Key Levels:
- Resistance: 0.012794 (Middle BB) > 0.013201 (Upper BB)
- Support: 0.012387 (Lower BB) > 0.012000 (Psychological)
### 📉 Why Bearish?
- Overbought STOCHRSI + negative OBV = Classic reversal setup
- 74.69% retail longs → Perfect short squeeze opportunity
- Basis rate -0.05% → Funding favors shorts
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### ⚠️ Risk Management:
> "Exit immediately if price breaks 0.01330. Close 60% at TP1, trail stop to entry for TP2. Position size ≤1% due to SHIB's extreme volatility."