$SHIB /USDT – Breakdown From Range Imminent?
$SHIB /USDT is currently trading within a tight sideways range between ~0.00001120 and ~0.00001197. The failure to break above resistance coupled with weakening momentum signals potential for downside. A breakdown from this consolidation box could trigger a sell-off toward the next support level.
📉 Trade Setup (Short Idea):
• Entry: 0.00001161
• Take Profit 1 (TP1): 0.00001120
• Take Profit 2 (TP2): 0.00001090
• Take Profit 3 (TP3): 0.00001080
• Stop Loss (SL): 0.00001197
If SHIB breaks below the lower bound of the consolidation zone, sellers may accelerate toward key demand areas.
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