Shiba Inu ($SHIB) has once again caught tradersโ attention after a sharp move to the upside followed by a healthy pullback. The meme coin recently tested the $0.00001350 resistance but faced rejection, pulling back toward the $0.00001294 support zone.
Now, the price is consolidating around $0.00001300, showing signs that buyers are stepping in to defend this crucial area. For short-term traders, this is an important zone to watch because the next move could define SHIBโs direction.
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๐ Current Market Outlook
Resistance Tested: $0.00001350 acted as a rejection point.
Support Defense: $0.00001294 remains intact, keeping bullish hopes alive.
Stabilization: Price holding around $0.00001300 shows accumulation from buyers.
This setup suggests that SHIB is gearing up for its next move โ either a push back to highs or a deeper correction if support gives way.
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๐ Bullish Scenario โ Path to the Upside
If SHIB breaks above $0.00001320, momentum could quickly shift in favor of the bulls. Key upside targets:
First Target (TP1): $0.00001325 โ minor breakout level.
Second Target (TP2): $0.00001350 โ recent resistance.
A breakout above $0.00001350 could open the door for further gains if volume supports the move.
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โ ๏ธ Bearish Risk โ Downside to Watch
If SHIB fails to hold above $0.00001290, bears may attempt to push the price lower. This could invite further downside pressure and trap overleveraged long positions.
Thatโs why keeping an eye on the stop-loss zone at $0.00001285 is critical for risk control.
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๐ฏ Suggested Trade Setup (For Educational Purposes Only)
Entry Zone: $0.00001295 โ $0.00001305
Targets (TP): $0.00001325, $0.00001350
Stop Loss (SL): $0.00001285
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๐ Risk Management is Key
SHIB is a high-volatility meme coin, meaning price can swing aggressively within minutes. To avoid unnecessary losses:
Use controlled leverage (low to medium).
Stick to your stop-loss and avoid revenge trading.
Always size positions based on what you can afford to risk.
Remember: Survival in trading is more important than chasing every single pump.
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๐ Final Thoughts
Shiba Inu is holding firm after its recent pullback, and the market now waits for confirmation of the next move. Bulls need to reclaim $0.00001320+ for a retest of highs, while losing $0.00001290 may tilt the market in bearsโ favor.
For disciplined traders, this is a textbook setup: clear entry, clear targets, and defined risk. Whether SHIB rallies or dips, the key is to stay calm and stick to strategy. ๐๐
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