🚀 $SHIB on the Move! +5.90% Today – Breakout or Fakeout?
Shiba Inu ($SHIB) just surged nearly 6% today, breaking above all major moving averages and flashing signs of short-term bullish momentum. But is this the beginning of a rally or just another meme-fueled pump?
Let’s break it down with key levels, trade ideas, and risk warnings:
📌 Market Snapshot
Price: $0.00001184 📈 (+5.90% Today)
Trend: Short-Term Bullish (Above MA7, MA25, MA99)
24h Range: $0.00001113 – $0.00001200
Volume: 1.42T SHIB / $16.56M USDT (High retail action)
🎯 Key Trade Zones
Type Price Range Details
🔴 Sell Zone $0.00001200 – $0.00001205 24h High + Resistance
🟢 Buy Zone $0.00001142 – $0.00001113 MA25 + 24h Low Support
🎯 TP (Short) $0.00001159 → $0.00001142 Quick retrace opportunity
🎯 TP (Long) $0.00001200 → $0.00001250 Breakout continuation target
🛑 SL (Short) $0.00001210 Above Resistance
🛑 SL (Long) $0.00001100 Below Key Psychological Level
📉 Technical Breakdown
MA(7): $0.00001159 → Fast Support
MA(25): $0.00001149 → Stability Level
MA(99): $0.00001143 → Long-Term Floor
RSI: Neutral, but rising – approach overbought cautiously
MACD: Showing bullish crossover – confirmation needed
⚡ Trade Setups
🔻 Short Trade (If Rejected at Resistance)
Entry: Near $0.00001200
Target: $0.00001159 → $0.00001142
SL: $0.00001210
🔼 Long Trade (If Support Holds)
Entry: Near $0.00001142 (MA25)
Target: $0.00001200 → $0.00001250
SL: $0.00001100
⚠️ Market Conditions
✅ Momentum: Bullish today, but meme coin moves can reverse fast
📌 Final Verdict
✅ Best Play: Look to short near resistance ($0.00001200)
⚠️ Long Only If: SHIB holds support at $0.00001142 with rising volume
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