$SHIB Tightening Up – Breakout Brewing or Bull Trap Ahead?
SHIB is trading at 0.00001182, posting a solid +3.05% daily gain. After blasting through 0.00001150, price cooled off near 0.00001190 and is now coiling up in a tight range. This kind of compression often signals a powerful move coming soon.
Key Price Zones
Resistance Area:
• 0.00001184 – 0.00001192
A clean breakout above this zone could push SHIB to 0.00001220 or even 0.00001250
Support Levels:
• 0.00001170 holds intraday structure
• Below that, 0.00001150 becomes critical
Trade Strategy
Bullish Setup:
Buy breakout above 0.00001192
• Target 1: 0.00001220
• Target 2: 0.00001250
• Stop-loss: Below 0.00001170
Bearish Setup:
Sell breakdown below 0.00001170
• Target 1: 0.00001150
• Target 2: 0.00001130
• Stop-loss: Above 0.00001184
Tight ranges like this often precede explosive moves. Patience is key here — wait for confirmation and be ready for either direction.