$SHIB USDT BEARISH BREAKDOWN CONTINUATION AS DOWNTREND DOMINATES
Shiba Inu remains under sustained selling pressure with price struggling to break above key resistance clusters while technical indicators reflect weak demand and momentum. A clear bearish structure is forming on the chart as lower highs and lower lows continue to define the trend, suggesting continuation rather than reversal. Recent studies show resistance at significant Fibonacci and range levels with insufficient breakout strength, indicating sellers remain in control and buyers lack conviction.
Volume and participation have contracted on rally attempts, signaling weak participation, while support clusters appear vulnerable to breakdown, suggesting downside extension is more probable than upside acceleration.
Trade Setup
Position: Short
Entry Zone: Breakdown below recent consolidation support or rejection at defined resistance cluster
Targets:
TP1: First liquidity pocket near recent swing low support
TP2: Mid-range support below current structure
TP3: Extended downside projection toward lower Fibonacci support zone
Stop Loss: Above recent key swing high resistance that aligns with declining trend level
Risk Management
Risk only a small percentage of total capital per trade, book partial profits at each target, and adjust stop loss to lock in gains if price continues toward lower levels.
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