SHIB has just bounced from a critical confluence zone, combining:✅ Channel support
✅ Previous breakout zone
✅ Golden pocket retracement
This triple-layered support has historically acted as a powerful launchpad, and the price is already showing early signs of strength.
The price structure is tightening inside a long-term wedge, and a breakout from the upper resistance trendline could trigger a massive upside leg.
First breakout test near 0.024
Potential long-term move toward 0.07+
In shorter timeframe,
SHIB broke out of its long-standing falling wedge pattern and is now retesting the breakout zone. With bullish volume creeping in, this move could ignite a powerful trend reversal toward the 0.0000239 zone. Ideal structure for spot entries with defined risk!SHIB could be coiling for something massive. Keep an eye on structure and volume.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.