Shiba Inu Coin #SHIB is a bit tired recently 🐶💤. After a failed breakout, the stock price has clearly weakened, and traders are starting to doubt whether this rebound is a 'false impression'. The price has now fallen below the 200-day moving average and the 50-day moving average, with obvious bearish signals in the short term ⚠️.
Although trading volume has been increasing 📊, this is not good news for the bulls, as the volume has been declining alongside the price, indicating that sellers are actively unloading 💥. The symmetrical triangle formed over the past few weeks could have led to a breakout, but the upward breakout has almost turned into a false breakout, trapping the bulls and further increasing the downside risk 💀.
In the future, traders can focus on three key price levels, manage their positions wisely, and proceed with caution. In short, SHIB is a bit 'tired' now, so everyone should remember to operate steadily 📉💡.