๐ Level Support & Resistance
Main Support:
~$0.00001100โ$0.00001120 โ short & medium-term support area
If it drops below this band, potential pressure could cause the price to touch the range of $0.00001020โ$0.00000950.
Important Resistance:
~20-EMA ($0.00001174) and ~50-EMA ($0.00001246) โ if broken, it could open the way to higher levels.
Zone $0.00001175โ$0.00001185โ$0.00001200 is a short-term resistance (descending triangle breakout target).
Stronger resistance at $0.00001250โ$0.00001330, if breakout in this area, potential rally could be significant up to $0.00001330โ$0.00001430.
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โ๏ธ Entry Strategy
1. **Conservative entry (low risk)**
Wait for the price to approach $0.00001100โ$0.00001120, with confirmation of a rebound (bullish candlestick or support volume) as an entry signal.
Set stop loss slightly below support, for example at $0.00001090.
2. **Aggressive entry (trend-following)**
Wait for a breakout and retest at $0.00001175โ$0.00001200. If it breaks with volume and technical confirmation, you can enterโtarget: $0.00001246 (50-EMA), continuing to $0.00001330 if the momentum is strong.
3. **Breakout high-risk (scalp/short-term)**
Enter above resistance $0.00001250+, with the first target at $0.00001330, then continuing to $0.00001480 if it breaks 100-EMA & 200-EMA.
๐ Sentiment & Indicators
The short-term trend is still bearish (Supertrend sell), but there is bullish sentiment from Fear & Greed (sentiment โGreedโ around 64โ66).
Whales are starting to accumulateโ10.4 trillion SHIB were bought during a 17% rebound from $0.00001005, forming potential structural support and a descending triangle pattern with resistance at ~$0.00001175.
EMA compression + support pressure could trigger a breakoutโbut be careful of false breakouts.