🔥 SHIB at a Critical Support Level: Bounce or Breakdown?
The $SHIB chart is heating up. After weeks of consolidation, we are sitting right on a major historical support floor. Is this the "buy the dip" moment we’ve been waiting for? 🐕
📊 The Spot Signal:
Entry Zone: $0.0000061 – $0.0000064 (Wait for a 4-hour candle to close in this range)
Target 1 (Conservative): $0.0000075 (15%+ potential)
Target 2 (Aggressive): $0.0000085 (The major resistance flip)
Stop-Loss: $0.0000058 (Daily close below this invalidates the setup)
🔍 Why trade this?
Oversold RSI: On the daily timeframe, RSI is hovering near 30–35. This often signals a relief rally is incoming.
Exchange Outflows: Large "whale" wallets have been moving billions of SHIB off exchanges, reducing immediate sell pressure.
Shibarium Privacy Hype: With the Q2 2026 privacy updates on the horizon, ecosystem utility is growing.
⚠️ Risk Warning:
Always watch Bitcoin ($BTC ). If BTC breaks below its current support, altcoins like SHIB will likely see a deeper correction. Trade with a plan, not with FOMO!
What’s your move? Are you Accumulating or Waiting? 👇
