SHIB holding key support with absorption — potential reversal?
🟢 $SHIB - LONG
Trade Plan:
Current Price: ~0.004692
Entry Zone: 0.00450 – 0.00478
SL: 0.00425
TP1: 0.00525
TP2: 0.00585
TP3: 0.00665
SHIB has been defending a major daily demand zone after a liquidity sweep. On the 4H chart, there are clear signs of absorption with volume gradually increasing near the entry area. Open interest has also started ticking up, suggesting active accumulation. The higher low structure remains intact above this demand zone.
Will SHIB bounce strongly from this key support?
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1000SHIBUSDT
Trvl
0.004729
+1.74%