$SHIB $SHIB 2h Price Chart Analysis
- Based on the current setup, I expect the price to attempt a move upwards, aiming to fill the imbalance towards 0.00000447 after clearing resistance at 0.00000430 and 0.00000440.
- Example long scenario: If price retests 0.00000420–0.00000425 and forms a bullish engulfing or a pin bar, or if you spot a liquidity sweep of 0.00000420 followed by a sharp reversal, consider entering long with first take profit at 0.00000430, next at 0.00000440, and main target at 0.00000447. Place your stop-loss below the most recent swing low at 0.00000405.
- Example short scenario: If price pushes into 0.00000430–0.00000440 and gets rejected with a strong bearish signal, you could look for a short if structure breaks down on a lower timeframe, targeting 0.00000420 and possibly 0.00000405. Stop-loss should be above the swing high of the rejection.
- If the price breaks and holds above 0.00000447 with bullish confirmation, the next upside targets would be 0.00000456, 0.00000463, and potentially 0.00000477.
- My bias will turn bearish if price loses 0.00000420 support with strong momentum and closes below 0.00000405.
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