Coin name -
#SHIBUSDT Signal type- Short
The descending triangle pattern dominates the current SHIB/USDT setup, as the price consolidates into a tightening range. A series of lower highs and lower lows are steering the pair toward a pivotal support zone, signaling a high stakes move on the horizon.
Sellers remain in control, leveraging the prevailing downtrend, while the contracting range reflects mounting pressure. Momentum indicators suggest the pair is primed for a decisive breakout or breakdown, with the market poised for a significant move in either direction.
The chart shows a symmetrical triangle formation, signaling an imminent move. Volume is gradually increasing, hinting at growing momentum. With MACD nearing a bullish crossover, the signs are pointing towards BTC.D breaking to the upside.
If confirmed, this move suggests Bitcoin regaining market strength, either from a rally or altcoins losing steam. Watch for a breakout above the triangle with strong volume as the signal to ride the wave.
Liquidity pull to $0.022 is clear. Despite the bearish sentiment, the market is gravitating toward this level. Stay focused—this zone is key.
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Entry price -0.00002243
1st tp- 0.00001689
Remember this signal is only for spot
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