BYBIT:SHIB1000USDT.P   SHIB1000USDT Perpetual Contract
SHIBA just like the other plans is retesting the highs of the range.
The blue box is the current deviation and any price action into it is an opportunity to short.

Expect a deviation around 0.008700$. Current PA capping the price sits around 0.008755$.

Entry at market (aggressive) would have you set your stops above 0.008755$.
Considering the volatility of memecoins we play it SAFE and TIGHT with a small margin for error.

Entry market or after deviation of 0.086665$
TP 0.008470$
SL above current highs capping 0.008755$

Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
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.