$SHIB INU Technical Analysis Update🔐👇
Current Price: 0.00001356 USDT
Formed Candle (1D Chart):📊
Fresh daily rejection wick from major supply zone (highlighted zone between 0.00001468 - 0.00001648).
$SHIB Price is currently struggling to hold above moving averages support.
Chart Pattern Analysis:📉
Daily Timeframe: ⌛
Price faced heavy resistance from the 200-Day EMA (yellow line) and supply block.
1-Hour Timeframe: ⌛
Clear Break of Structure (BOS) to the downside after CHoCH (Change of Character).
Formed lower highs and lower lows after rejection - indicating a possible bearish short-term trend.
Trend Signal:📉
Daily Trend: Trying to flip bullish, but facing strong selling pressure at higher resistance.
1-Hour Trend: Shifted bearish after losing key short-term supports.
Why Bearish Bias🤔❌
Multiple supply zones overhead creating selling pressure.
1H timeframe BOS and CHoCH signals trend weakness.
Indicators (Stoch RSI) showing overbought conditions and downward curve.
Best Trading Strategy Plan:🧑🏫
Short-Term Plan:
Sell-on-Rise approach preferred near resistance levels of 0.00001380 - 0.00001468.
Look for shorting setups after any weak bullish attempt toward these resistances.
Entry Zone:✅
0.00001370 - 0.00001385 (wait for rejection candle confirmation)
Targets:🎯
First Target: 0.00001320
Second Target: 0.00001292
Third Target (extended): 0.00001260
Stoploss:☣️
Tight stop above 0.00001485 (previous supply zone breakout).
Risk Management Tip:☣️
Use a 0.5%-1% risk per trade setup.
Partial booking advised at first target.
Trade Duration:⌛
Expected within 1-3 days depending on volatility.
👨❤️👨"Markets reward patience and punish emotional decisions. Stick to your plan, not your emotions."
Disclaimer:⚠️
This is for educational purposes only, not financial advice. Always manage your own risk before trading.