Post

Shiba Inu broke down below the trendline, triggering a sharp 7% sell-off.



After the initial drop, price retraced back to the breakdown level and got rejected once again, leading to another leg lower.

This structure offered two separate short opportunities: the initial breakdown and the subsequent retest and rejection of the broken trendline.
#CoinDeskRevealsGateRWAPerpetualsTop3Globally
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
SHIBSHIB+3.42%

  • 2

Add a comment
Add a comment

Comment
ObvGuardian
17 minutes ago
Is technical analysis of meme coins like SHIB really useful? It feels like it’s all just emotion-driven calls.
0View Original
VolSurfer
19 minutes ago
A 7% drop may not look like much, but with max leverage, you’d already have been liquidated twice haha.
0View Original
CompoundGarden
19 minutes ago
First Review
Break below the trendline + rebound confirmation—a classic short setup. Both entry opportunities were given.
0View Original