sell

SHIB Bearish: $0.00001 Target as $0.0000122 Support Cracks

I expect SHIB to push lower toward my bearish target of $0.00001 within the next 2–3 weeks as technicals deteriorate. The critical support at $0.0000122 is being tested and looks vulnerable to a break.

Momentum and trend indicators are negative and volume has failed to support rebounds, so any short-lived bounces are likely relief rallies rather than trend reversals.

If $0.0000122 breaks decisively, the $0.00001 target is the next logical level; if it holds, I would reassess risk-reward before considering longs.

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Analysis

Price action shows weakening support at $0.0000122, negative momentum indicators, and low conviction on rebounds—these technicals increase the likelihood of a drop toward $0.00001 if selling continues...

Recommendation

I recommend avoiding new long positions and selling or reducing exposure until support proves sustainable; use a confirmed break below $0.0000122 as a signal to add to short/exit long positions and re...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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