SHIB is retesting a key breakout zone after breaking through a long-term descending trendline + 200 EMA. The structure remains bullish with a clean higher-low forming at the confluence of support.📊 Technical Breakdown:
Breakout from descending triangle
Bullish retest of trendline + 200 EMA
Price printing higher lows above key support
🎯 Targets:
TP1: 0.000015252
TP2: 0.000017091
TP3: 0.000018929
🛑 Stop-loss: 0.000013153
📍 Entry Zone: Around 0.000014785
If bulls hold this zone, SHIB could see continuation toward mid-May highs and beyond.
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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.