$SHIB Down #Alert🔴
📍 Entry: 0.00000575 — 0.00000578
🛑 SL: 0.00000590
🎯 TP1: 0.00000571
🎯 TP2: 0.00000568
🎯 TP3: 0.00000566 (24h Low / Local Support)
🎯 TP4: 0.00000540
Technical View:
The market structure in reveals that while the price has recovered nicely from its low of 0.00000566, the broader trend remains decidedly bearish. The asset is down -10.16% over the last 7 days and down -60.29% over the past year, showing that long-term sellers are firmly in control. Even though the order book presents a dominant buyer lead with 60.21% on the "Bid" side, this sudden vertical spike directly into overhead resistance is highly susceptible to a "sell the bounce" reaction. Expect a corrective pullback to retest the 0.00000568 zone as profit-taking triggers.
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