Ever wondered why $SHIB always seems to stall just when it looks like it’s ready to fly?
Looking at the 1h chart for SHIB/USDT and it’s a bit of a mixed bag. We’re currently sitting at 0.00000617 after a failed attempt to hold above the 0.00000627 level. The price action is showing a series of lower highs over the last few hours which isn't exactly a bullish signal.
The order book is almost perfectly split down the middle with 50.64% bids. It’s a total stalemate. If we can’t find enough buying volume to reclaim 0.00000620 soon, I’m expecting a slow bleed back toward that 0.00000608 support zone.
If you’re looking for a move, watch that 0.00000615 level closely. If that snaps, the local bottom at 0.00000601 is likely the next stop.
I'm staying patient. No point in forcing a trade when the chart is this indecisive.