2026-04-08 19:06:41

$SHIB – Momentum fading after rejection from recent highs

Trade Setup: Short $SHIB

• Entry Zone: 0.00000605 – 0.00000615

• Target 1: 0.00000595
• Target 2: 0.00000585
• Target 3: 0.00000578

• Stop Loss: 0.00000622

Price surged into the 0.00000618 area but faced a sharp rejection, and is now struggling to maintain position above the short-term moving averages. Recovery attempts remain unconvincing with lower highs forming on the 1H chart, pointing to early signs of exhaustion. If price continues to stay below 0.00000615, sellers are likely to drive it back toward the previous base range.

Just click trade here 👇 ‌

SHIB-1,68%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

3 Likes

Reward
3
1
Repost
Share

Comment

Add a comment

AccumulateStrength

· 12h ago

$SHIB – Momentum weakened after being rejected at recent highs
Trading strategy: Short $SHIB
• Entry range: 0.00000605 – 0.00000615
• Target 1: 0.00000595
• Target 2: 0.00000585
• Target 3: 0.00000578
• Stop loss: 0.00000622
Price surged into the 0.00000618 area but faced strong rejection and is currently struggling to stay above the short-term moving average. The rebound attempt remains unconvincing, with a lower high forming on the 1-hour chart, indicating early exhaustion. If the price stays below 0.00000615, sellers may push it back into the previous support zone.
Click here to trade 👇

View OriginalReply0