🐻 $SHIB

/TRY BEARISH SETUP – STALLED RALLY NEARS SUPPLY WALL

$SHIB/TRY is trading at 0.0004567 TRY ($0.00001145, up +1.35%) after a weak bounce from the 0.0004490 low. Despite the slight gain, price is struggling to sustain upside momentum, facing repeated rejection near the 0.0004624–0.0004666 resistance zone. Volume is declining on the recent push up, indicating buyer fatigue.

🔑 Key Levels

Resistance: 0.0004624 – 0.0004666

Support: 0.0004490 (immediate), then 0.0004458

Current Price: 0.0004567 TRY

📉 Trade Setup (Short):

Entry Zone: 0.0004570 – 0.0004600

Take Profit 1: 0.0004490

Take Profit 2: 0.0004458

Stop Loss: 0.0004675

💡 Short-Term Outlook:

SHIB is showing signs of distribution below resistance, and the moving averages (MA5 & MA10) are flattening, hinting at sideways-to-down momentum. A break below 0.0004490 with strong volume could open a path toward 0.0004458, where the next buy wall is likely to emerge.

⚠️ Risk Management:

Limit risk to 2–3% of your capital

Confirm entry with bearish volume under 0.0004490

Stop-loss should be wide enough to avoid fakeouts near upper resistance

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