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!
Сделка активна
Active trade - the price is moving during my analysis 🙌Сделка закрыта: достигнута тейк-профит цена
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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
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.