Lingrid | SHIBUSDT Market Consolidation Continues

The price perfectly fulfilled my previous idea. SHIBUSDT rejected from the upper boundary of its descending structure, continuing to trade within a well-defined bearish channel. The price structure shows repeated lower lows and consolidations inside a mid-range zone under the downward trendline. If SHIB fails to close above 0.00001100, selling pressure could extend toward 0.00000835.Overall momentum remains bearish with no strong reversal signs yet.

⚠️ Risks:

• A sudden breakout above the descending trendline could invalidate short bias.
  
• Positive macro data or Bitcoin strength may trigger risk-on sentiment and lift altcoins.
  
• Oversold conditions could lead to a temporary corrective rebound before further decline.

If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!