$SHIB /USDT ā Range-Bound After Volatility
SHIB is trading near 0.00000837, moving inside a clear consolidation range after recent volatility.
š¹ Market Structure Price shows lower highs followed by a sharp sell-off, then a gradual recovery, suggesting liquidity was taken below before price stabilized.
š¹ Key Levels
Support: 0.00000805 ā 0.00000820
Current Range: ~0.00000835
Resistance: 0.00000860 ā 0.00000880
š¹ Price Action Insight
Long red candle ā stop-hunt / panic selling
Slow grind up ā controlled buying, not FOMO
No breakout yet ā market still indecisive
š¹ Scenarios
Bullish: Clean break above 0.0000086 may open room toward 0.0000089
Bearish: Loss of 0.0000082 could retest range lows
š§ Summary This is accumulation vs distribution territory. Direction will be confirmed only after a range breakout.
ā ļø Not financial advice. Trade with risk management
