Been watching 🐶 $SHIB closely after its attempt to break past $0.000015. The rejection at the 200 EMA was expected, but what’s playing out now looks more like a structural test than just a pullback.
Volume’s drying up, RSI flirting with 70, and support zones between $0.0000136 and $0.0000125 are now in sharp focus. If that 200 EMA fails to hold as support, we might be looking at a full retracement into the pre-rally range.
Not writing it off yet, this area has acted as a launchpad before. Just interesting how quickly momentum shifts when the broader market gets shaky.
DYOR always, especially in this zone.
