August 19, 2025 at 11:46PM SHIBUSDT (Daily)

SHIBUSDT (Daily)

SHIBAINU / USDT MEXC:SHIBUSDT

Ikeyhan

🔎 Chart Context
• Pair: SHIB/USDT
• Exchange: MEXC
• Timeframe: 1D (Daily)
• Date: 21 August 2025

This chart shows SHIB trading within a large consolidation range after a significant bearish move earlier in 2025.

📊 Key Observations
1. Macro Structure
• SHIB has been in a sideways range between 0.00001000 (support) and 0.00001597 (resistance) since March 2025.
• The chart highlights this rectangular range, showing repeated liquidity sweeps on both sides.
• Current price: ~0.00001283, sitting in the lower half of the range.
2. Support Zones
• 0.00001160 – 0.00001080 zone: Main demand block, tested multiple times (April, July).
• 0.00001004 – 0.00001028: Deeper liquidity sweep levels; losing this zone risks breakdown.
• These zones are critical for SHIB’s bullish survival.
3. Resistance Zones
• 0.00001362 – 0.00001597 zone: Upper supply boundary of the consolidation.
• 0.00001765 (FVG): Marked upside liquidity gap; a breakout from range would likely target this.
• Beyond that, 0.00001853 – 0.00002000 is the next strong supply zone.
4. Liquidity Behavior
• Below: resting liquidity around 0.00001160 and 0.00001004.
• Above: liquidity pools at 0.00001597 and 0.00001765, making these the primary bullish targets.
• The chart projects both scenarios:
• Bullish breakout above the range toward 0.00001765.
• Bearish breakdown below 0.00001160 toward 0.00001004 or lower.

📈 Bullish Scenario (Higher Probability if 0.00001160 holds)
• SHIB defends 0.00001160 demand and reclaims 0.00001362 mid-range resistance.
• Momentum carries price to:
• TP1: 0.00001597 (range high)
• TP2: 0.00001765 (FVG fill / liquidity sweep)
• TP3 (extension): 0.00001850 – 0.00002000 major supply zone.
• This requires holding above 0.00001160 and rejecting downside liquidity sweeps.

📉 Bearish Scenario (Lower Probability but Risk)
• Price loses 0.00001160 demand with strong volume.
• Next targets:
• 0.00001080 → 0.00001028 (short-term supports)
• 0.00001004 liquidity sweep (major downside magnet)
• A daily close below 0.00001000 confirms a macro bearish breakdown, exposing 0.00000900 and below.

⚡ Trading Plan
• Long Setup (Preferred if support holds):
• Entry: 0.00001160 – 0.00001230 demand zone.
• TP1: 0.00001362
• TP2: 0.00001597
• TP3: 0.00001765
• Stop: Below 0.00001080 or conservative below 0.00001000.
• Short Setup (Only if breakdown confirmed):
• Entry: Retest of 0.00001160 from below.
• TP: 0.00001004 liquidity sweep.
• Stop: Above 0.00001260.

✅ Conclusion

SHIB/USDT Daily is in a consolidation phase between 0.00001000 – 0.00001597.
The most probable scenario is a range-bound accumulation, with bias turning bullish if 0.00001160 holds and price reclaims 0.00001362, targeting 0.00001597 → 0.00001765.
A breakdown below 0.00001160 shifts focus to 0.00001004 liquidity sweep, which would threaten the bullish structure.