๐ $SHIB / USDT โ Bearish Pressure Remains, Minor Relief Bounce Likely to Fade
$SHIB/USDT is showing a slight bounce after a sharp decline, but the 15-minute timeframe still indicates a bearish trend. Price is struggling below the 0.00001200 zone, which previously acted as support and is now turning into resistance. Without strong volume or a clean breakout above this level, the rally appears weak and could reverse soon.
๐ป Trade Setup:
Short Entry: 0.00001185 โ 0.00001200
Take Profit Targets:
โก๏ธ 0.00001150
โก๏ธ 0.00001120
โก๏ธ 0.00001080
Stop Loss: 0.00001225
๐ Market Outlook:
Unless bulls reclaim the 0.00001200 level with strength and volume, $SHIB/USDT is likely to continue moving lower. Caution is advised for long positions until a breakout or a higher low is confirmed.#SHIB #CryptoAnalysis" #Binance #TradingSetup $SHIB
