Analysis
On the 3-day timeframe, $SHIB is still technically in a bearish trend, but it’s starting to show some early signs of a possible reversal — or at least a short-term relief rally. The first level I’m watching is around 0.00000648. If price manages to break and hold above that, the next target would be near 0.00000695.
However, if price gets rejected at either 0.00000648 or 0.00000695, there’s a good chance we see another move down — potentially sweeping liquidity around 0.00000586, or even dropping as low as 0.00000507 before any stronger bounce happens.
For a long setup, the ideal scenario would be a liquidity grab below 0.00000586 or 0.00000507, followed by a clear bullish reversal. I’d look for confirmation like a strong bullish pattern on the 3D chart, or a clear break of structure on lower timeframes. Targets for that move would be 0.00000648 and 0.00000695.
For a short setup, I’d be patient and wait for price to push above 0.00000695 or even 0.00000816, then show a sharp rejection. That kind of move could signal a good short opportunity, targeting 0.00000586 and 0.00000507. Confirmation here would be things like a bearish engulfing candle, a lower high, or a sudden shift in momentum.
If price breaks above 0.00000695 and starts holding that level while forming higher highs and higher lows, then the bias shifts to bullish. In that case, I’d expect continuation toward 0.00000816, and potentially 0.00000937 next.
