🔻 $SHIB /USDT – BEARS PRESSING LOWER 🔻
📊 Trade Setup
- Entry Zone: 0.00000570 – 0.00000575
- Take Profit 1: 0.00000550
- Take Profit 2: 0.00000544
- Stop Loss: 0.00000585
SHIB is failing to sustain momentum above 0.00000583, sliding back toward 0.00000570. With sellers dominating and volume leaning heavy on the bid side, the pair looks vulnerable to further downside if 0.00000544 support breaks.
🔎 Market Outlook
- Momentum: Weak, with sellers outweighing buyers and failed attempts to reclaim higher ground.
- Trend: Strong downtrend (-53% in 180 days, -58% in 1 year).
- Key Levels: Resistance capped at 0.00000585; critical support at 0.00000544. A breakdown below support could accelerate losses toward 0.00000520.