$SHIB — THE PUMP IS OVER, NOW COMES THE REAL TEST 👀
$SHIB exploded from around $0.00000406 to $0.00000582, but buyers couldn’t hold the top. Since that spike, the 8H chart has been printing a steady pullback, bringing price back near $0.00000456.
I’m not trying to catch the bottom here. Momentum still favors sellers, so I’d rather trade the current structure until buyers prove they’re back.
🔴 Position: SHORT
Entry: $0.00000456–$0.00000464
TP1: $0.00000445
TP2: $0.00000430
TP3: $0.00000410
SL: $0.00000478
The $0.00000454 area is crucial. If it breaks cleanly, the correction could stretch lower. But if SHIB reclaims $0.00000470+ with strength, I’d drop the short idea rather than fight a reversal.
The pump got the attention. The retest decides what happens next.
