$SHIB — Range Compression, Breakout Watch
SHIB is consolidating around 0.00000827 after a clean bounce from 0.00000806, forming a short-term base. Price action suggests range formation, with buyers defending dips while sellers cap upside near resistance.
Market Structure
Support: 0.00000820 (key base)
Resistance: 0.00000845 (range high / trigger)
Holding above 0.00000820 keeps the structure intact
📈 Long Trade Idea
Bias: Neutral → Bullish on confirmation
Trigger: Clean break and hold above 0.00000845 with volume
Upside Target: 0.00000900
⚠️ Risk Note
Loss of 0.00000820 risks a slow bleed back toward the prior demand zone
Avoid anticipation—let volume confirm the move
What to Watch Next
Volume expansion near 0.00000845
Acceptance above the range high vs. rejection and fade
Patience here pays—SHIB is coiling, and the next impulse will likely be directional.
#BTCVSGOLD #USJobsData #WriteToEarnUpgrade #CPIWatch #BinanceBlockchainWeek
