🔍 $SHIB /USDT – Potential Bounce or More Bleed? 🐶📉
SHIB is trading at 0.00001200, facing resistance from the 25 EMA (0.00001221) and 99 EMA (0.00001267), while the recent bounce from 0.00001138 signals temporary buying pressure. However, all major moving averages still lean bearish.
Current Market Outlook: Price is under key EMAs, showing a bearish trend. It's consolidating between 0.00001170 and 0.00001220 with no strong breakout volume yet.
LONG Setup: Entry at 0.00001205–0.00001210, targets at 0.00001225 and 0.00001260, stop-loss at 0.00001185
SHORT Setup: Entry at 0.00001180–0.00001185, targets at 0.00001150 and 0.00001120, stop-loss at 0.00001205
Summary: Trend remains bearish unless SHIB reclaims 0.00001225 with strong volume. Ideal for cautious scalps within range.