1000SHIBUSDT Perpetual (2024-12-29):
5-minute chart:
. The price slightly broke the previous top (0.022426), but was unable to sustain the movement, indicating possible buyer exhaustion.
. The price is below the VWAP (0.022096) and the POC of the day (0.022100), which reinforces the control of sellers in the short term.
. I note that the current movement is a clear Pullback to the region consolidated by the three previous POCs, validating the strength of this zone as support in the short term.
. It shows that the analyses of the previous days are being validated.
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check out the chart below:
