๐จ
$1000SHIB : The Failed Reclaim Breakdown! SHORT Setup ๐ฏ)
$1000SHIB is locked in a 4H downtrend, trading below all key EMAs with the Supertrend flashing bearish. The 4H RSI is extremely oversold at 31.86, but there is no reversal signalโthis is a classic "oversold can stay oversold" scenario. The recent bounce is failing to reclaim the EMA7, making this a clean breakdown continuation short.
Confirmation: 15M candle close below EMA7 ($0.005105) with volume above the 20-period average.
๐ Entry: $0.005079 - $0.00510 (On rejection confirmation)
๐ฏ Target 1: $0.00500 (Psychological & recent consolidation)
๐ Target 2: $0.00495 (4H swing low area)
๐ Target 3: $0.00480 (Extended objective if momentum accelerates)
๐ Stop Loss: $0.00525 (Above 4H EMA25 and recent swing highs)
โ ๏ธ Market Context:
ยท Regime: RISK-OFF
ยท Structure: 4H downtrend; price below all key EMAs; Supertrend bearish
ยท Liquidity: Sell-side below $0.00500; buy-side above $0.00525
ยท Momentum: 4H RSI 31.86 (oversold, no reversal); MACD bearish
ยท Derivatives: OI ~$21.7M; funding near zero โ longs not yet flushed, room for a further cascade
ยท Fundamentals: Shibarium transaction spike is a mild positive, but the burn rate crash and lack of price reaction negate it.
๐ด Will 1000SHIB hit $0.00500 or ๐ข retest $0.00525 first? comment below! ๐
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