$SHIB BEARISH
SHIB/USDT TRADE SETUP – Coiling for Breakout or Breakdown?
Current Price: $0.00001522 USDT
24h Volume: $25.47M USDT (Solid interest, but consolidation phase)
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Technical Overview:
Trend: Consolidating within a tight symmetrical triangle – volatility compression signals a breakout is near.
Support Zone: $0.00001450 – $0.00001480 (buying pressure holding this zone for 3+ days)
Resistance Zone: $0.00001560 – $0.00001600 (top of triangle + previous high)
Chart Pattern: Symmetrical triangle on 4H chart – typically a continuation pattern, but direction depends on breakout.
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Indicators:
RSI: 54 – balanced, could tilt either way.
MACD: Flat, showing consolidation – watch for a sharp cross.
Bollinger Bands: Tight squeeze – indicates an explosive move is approaching.
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Trade Setup:
Bullish Entry (Breakout): Above $0.00001600 on 4H candle close + volume surge.
Bearish Entry (Breakdown): Below $0.00001440 with strong bearish momentum.
Targets (Bearish):
TP1: $0.00001360
TP2: $0.00001240
Stop-Loss:
For long: Below $0.00001440
For short: Above $0.00001580
Risk/Reward Ratio: ~3:1 — good for both scalpers and swing trades.
Smart money prepares before the move. Stay sharp.
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