avatarFiza Fatima
avatar
Fiza Fatima

$SHIB is sitting near $0.000005065 after slipping about 2%, keeping the short-term structure slightly weak. Price needs to defend the $0.00000500 area, which is the immediate support I’m watching. On the upside, $0.00000520–$0.00000530 could create resistance if buyers attempt a recovery.

A reclaim of $0.00000520 with stronger volume would make the setup more attractive. If $0.00000500 fails, I’d avoid forcing a long trade.

Trade Setup:

Entry: $0.00000502–$0.00000508

Stop Loss: $0.00000488

Target 1: $0.00000520

Target 2: $0.00000535

Target 3: $0.00000550

coin
SHIB/USDT
0.000005576
+1.54%

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