$SHIB /USDT BEARISH REVERSAL AFTER EMOTIONAL BLOW-OFF TOP
$SHIB shows a classic parabolic rally followed by a sharp rejection from the peak, forming a blow-off top structure. The aggressive upside move has been fully retraced with strong selling pressure, signaling exhaustion of buyers and a transition into a bearish phase. Lower highs are now forming, confirming a shift in market control from bulls to bears.
Volume surged during the topping phase and remains elevated on red candles, indicating distribution rather than healthy consolidation. Momentum indicators have rolled over from extreme overbought levels, while moving averages are beginning to slope downward, reinforcing downside continuation risk.
SHORT ENTRY: On pullback toward the breakdown resistance zone followed by bearish confirmation
TP1: Recent swing low support
TP2: Next major demand zone
TP3: Extended support from previous accumulation range
SL: Above the lower high resistance and structure invalidation level
Risk Management: Risk only 1–2% of total trading capital. Secure partial profits at each target and trail stop loss once price moves in favor.
