SHIBUSDT perfectly played out my previous trading idea. Price is testing lower boundary of the descending channel. The market structure remains bearish overall, but the reaction at support hints at early absorption as the market forms yet another lower low near the key demand zone. If buyers defend the 0.00000741–0.00000767 area, a corrective bounce toward 0.00000890 becomes the likely scenario as liquidity builds beneath the trendline. The broader context still shows a controlled downtrend, but fake breaks at support often trigger short-term relief moves before the trend resumes.⚠️ Risks:
- A clean breakdown below 0.00000741 may open the way toward deeper lows in the support area.
- Broader market weakness—especially BTC volatility—could invalidate any developing rebound.
- Failure to reclaim the descending trendline may limit upside movement and keep SHIB consolidating near the lows.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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Active trade - the price is moving during my analysis 🙌Dagangan ditutup: sasaran tercapai
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.