$SHIB /USDT (1D Timeframe) Analysis

Current Price: $0.00000603
SHIB is in a clear downtrend, showing weak structure after multiple rejections.

🔍 Market Structure

Consistent lower highs & lower lows

Strong rejection from ~$0.00001009

Price currently trying a small relief bounce

📉 Key Levels

🟢 Support Zones:

$0.0000055 – Immediate support

$0.0000050 – Strong base (last low)

$0.0000048 – Breakdown level

🔴 Resistance Zones:

$0.0000063 – Short-term resistance

$0.0000070 – MA100 resistance

$0.0000087 – MA200 major resistance

⚡ Indicators Insight

Price below MA50, MA100, MA200 → fully bearish

EMAs acting as dynamic resistance

Volume is flat → no strong buying pressure

📈 Trade Setups

👉 Short Setup (High Probability):

Entry: $0.0000063 rejection

Stop Loss: Above $0.0000070

Targets: $0.0000055 → $0.0000050

👉 Long Setup (Risky):

Only near $0.0000050 support

Stop Loss: $0.0000048

Targets: $0.0000063 → $0.0000070

👉 Breakout Long:

Only if daily close above $0.0000070

Target: $0.0000085+

🚨 Important Note

Trend is bearish → don’t fight trend blindly

Meme coins move fast → manage risk strictly

💡 Conclusion

SHIB is still in a downtrend phase.

Rejection = short opportunities

Break above $0.0000070 = trend shift