$SHIB 🚀 BULLISH MOMENTUM 🚀
Chart Overview
Current Price & Range
SHIB is trading near $0.00001395, within an intraday range of approx $0.00001274–$0.00001400 , showing a tight consolidation early in the session.
A symmetrically contracting triangle (or pennant) is developing—typically a consolidation before a breakout/breakdown .
Bullish signals include whale accumulation and rising burn rate (+3465% reported), supporting supply tightening .
Trading Strategy
Strategy Type Entry Zone Stop-Loss Targets
Aggressive Long $0.00001340–$0.00001370 Below $0.00001300 $0.00001385 → $0.00001440
Breakout Play Close > $0.00001440 Below $0.00001400 $0.00001550 → $0.00001650
Risk Management & Execution
Position Size: Keep individual trades to ≤2% of overall capital.
Confirmation: Look for volume expansion to validate either bounce or breakout.
Profit Booking: Scale out at each target to secure returns and reduce risk.
Indicator Check: Rise in whale holdings and burn activity hints toward bullish potential, but a break below $0.00001280 would invalidate the setup and may open the door to deeper corrections .
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Why This Works
Backed by clear support and resistance zones, the plan allows for tight entries and disciplined exits.
Builds on technical patterns (pennant/triangle) that often resolve with strong directional moves.
Reinforces logic with on-chain bullish signals (burn rates, whale accumulation) signaling structural health.