🔻 $SHIB  REJECTED AT HIGHS — PULLBACK RISK BUILDING


#SHİB  is showing rejection just below the recent spike high, suggesting momentum may be fading after the impulse move.


📊 TECHNICAL STRUCTURE:


▸ Pattern: Rising structure → post-impulse distribution

▸ Behavior: Sellers stepping in near highs

▸ Bias: Bearish-leaning while rejection holds


🔑 KEY LEVELS:


• Resistance: **0.0000064**

• Support: **0.0000058**


🧠 WHAT TO WATCH:


If the rejection continues, price could rotate back toward the nearby demand zone around support.


⚠ INVALIDATION:


A strong reclaim and push above **0.0000064** weakens the bearish pullback thesis and shifts momentum back to buyers.


Rejection formed.

Now follow-through decides direction.