SHIB/USDT – Rejection from highs, momentum rolling over
Trading Plan Short SHIB
Entry: 0.00000605 – 0.00000615
SL: 0.00000622
TP: 0.00000595
TP: 0.00000585
TP: 0.00000578
Price spiked into 0.00000618 and got rejected, now struggling to hold above short-term EMAs. The bounce attempts are weak and structure is shifting into lower highs on the 1H.
This looks like early exhaustion after a sharp move up. If price stays below 0.00000615, sellers likely push it back toward the prior base range.