After a long period of decline, the $SHIB has finally broken its downward trend on the 4H time unit. Currently positioned around 0.00000587, the asset is changing its appearance: the structure is officially becoming bullish.
🔍 The technical setup
Buyers are taking control again. The price has managed to break out of its resistance diagonal and is now holding above the pivot level of 0.00000545.
The truth test: The area of 0.00000545 is now our demand zone (support). If SHIB retests this level and rebounds, the breakout is confirmed and the bullish momentum is validated.
The risk: Beware, if we drop below 0.00000545, the current momentum would be invalidated, potentially leading to a "bull trap" and a deeper correction.
🎯 Targets and Take Profit (TP)
If the support holds, the path is clear to the next resistances where profit-taking will need to be monitored:
0.00000625 (First confirmation level)
0.00000666
0.00000739 (Major target)
📋 Key points to watch
Strategic support: 0.00000545 (crucial pullback zone).
Exit targets: 0.00000625, 0.00000666 and 0.00000739.
Ultimate confirmation: A strong 4H close above 0.00000625 to confirm the continuation of the move.
The essential: The trend is reversing. As long as we stay above support, the bias remains bullish. Keep an eye on the pullback zone to avoid being trapped by volatility. 🛡️
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