📊 SHIB/USDT (1H) Analysis
Price is consolidating inside a rising wedge pattern. A strong breakout is expected soon.
Possible scenarios:
✅ Bullish case: Break above the upper trendline (~0.0000124) could push SHIB towards 0.0000130 - 0.0000134.
❌ Bearish case: If support around 0.0000115 fails, a drop toward 0.0000100 - 0.0000104 is likely.
🔎 Key levels to watch:
Resistance: ~0.0000120 — critical for confirming a bullish breakout.
Support: ~0.0000115 — losing this level could trigger a sharper decline.
Watch RSI and volume for breakout confirmation.
💡 Trading idea:
Long on breakout & retest above 0.0000124, targets at 0.0000130+.
Short on breakdown below 0.0000115 with targets near 0.0000100.
Use tight stops outside the wedge for risk management.
Price is consolidating inside a rising wedge pattern. A strong breakout is expected soon.
Possible scenarios:
✅ Bullish case: Break above the upper trendline (~0.0000124) could push SHIB towards 0.0000130 - 0.0000134.
❌ Bearish case: If support around 0.0000115 fails, a drop toward 0.0000100 - 0.0000104 is likely.
🔎 Key levels to watch:
Resistance: ~0.0000120 — critical for confirming a bullish breakout.
Support: ~0.0000115 — losing this level could trigger a sharper decline.
Watch RSI and volume for breakout confirmation.
💡 Trading idea:
Long on breakout & retest above 0.0000124, targets at 0.0000130+.
Short on breakdown below 0.0000115 with targets near 0.0000100.
Use tight stops outside the wedge for risk management.
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