$SHIB falling wedge about to snap ๐
Price just V-recovered from 0.00000440 and is now pressing hard against the descending trendline near 0.00000510. That diagonal has been capping every bounce since May. ๐ฏ
Trigger is a daily close above 0.00000520. That opens the path toward the 0.00000620 resistance zone โ roughly 24% from here. โก
Invalidation sits at 0.00000480. Lose that and late longs get washed straight back to the 0.00000430 floor. ๐
Short-side comfort here looks like a trap. Higher lows are stacking under this diagonal and momentum is tightening. ๐ฅ
Bears leaning on this resistance may be the ones getting squeezed.
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