#shib #SHIB

Here is a technical analysis of the SHIB/USDT chart with 1D (daily), 1W (weekly), and 1M (monthly) time frames. Plus entry and exit suggestions:

🔍 SHIB/USDT Chart Analysis
🕐 Monthly Timeframe (1M)
Major trend: Still in a downtrend phase since the peak in late 2021.

Price has been moving sideways since early 2023, indicating long accumulation.

Strong support: Area 0.00000800 – 0.00001000 (has been bounced off several times).

📌 Conclusion: Still in a long-term accumulation phase. Not yet valid for a big swing unless there is a breakout and the volume increases significantly.

🗓️ Weekly Timeframe (1W)
Trend: Medium-term downtrend since March 2024.

The current weekly candle shows low volume, no bullish confirmation yet.

Critical support area: 0.00001000

📌 Conclusion: No weekly reversal signal yet. Wait for confirmation of a weekly breakout or bullish engulfing candle.

📅 Daily Timeframe (1D)
Short trend: Had a rebound in early May, but failed to break through resistance at 0.00001800.

There is a potential for a double bottom in the area of ​​0.00001050 - 0.00001100.

📈 Potential Signal:

If the price breaks above 0.00001220 + volume increases → confirm a short reversal.

If it breaks below 0.00001100 → continue down to 0.00000950.

✅ Entry-Exit Suggestions
🎯 Entry (Buy)
Aggressive: 0.00001100 – 0.00001120 (daily support, small accumulation)

Confirmation: Breakout > 0.00001220 + large volume

🚪 Exit (Sell/TP)
TP1: 0.00001350 (short resistance)

TP2: 0.00001580 (previous rejection zone)

TP3: 0.00001750 – 0.00001800 (strong weekly resistance)

🛡️ Stop Loss
SL tight: 0.00001050 (below support)

SL long: 0.00000950 (accumulation end limit)

🧠 Additional Notes
Do not open large positions in this zone before there is a volume breakout.

Use DCA if the intention is long-term accumulation.

A big momentum is only valid if the price is able to break daily and weekly simultaneously.
#DYOR