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$SHIB is showing weakness after a long-liquidation sweep at $0.00541.


The bullish setup becomes valid if price reclaims $0.00541 and holds above it. Sustained demand around this level would improve momentum.


Support


$0.00541


Resistance


$0.00541


Next target


$0.00541


Pro tip


A clean reclaim and hold above $0.00541 would strengthen the bullish structure.


EP


$0.00541


TP


$0.00541


SL


$0.00541


1000SHIB needs confirmation before a bullish continuation can be considered. Watch for a strong reclaim of the liquidation zone.


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