Recently, many people have been anxious about SHIB's trend, saying that with such a decline, are they still willing to buy in? Actually, what you need to understand is that technical and news factors often give different signals, and the key is whether you can read them correctly.

Let's first see what the candlestick chart says. On the 1-hour chart, SHIB is indeed still in a downtrend, but there are some details worth noting. The resistance level above is around 0.00005766, and the support level below is near 0.00005683. These two numbers are very important—if the resistance level can't be broken, it's the ceiling; if the support level is broken, there may be further downside.
On the MACD indicator, the white and yellow lines have already dipped below the zero axis, but there are signs of turning around now, with the death cross showing potential to turn into a golden cross. This usually indicates a short-term rebound, but don't confuse it—rebound and reversal are two different things. This is just a technical breather within a strong bearish trend; the main direction still favors the bears.
The news side is even more interesting. SHIB's open interest in futures contracts has recently surged by 3.42%, exceeding $80 million, indicating that large funds are secretly positioning. It looks like they are betting on a short-term rebound opportunity. But this doesn't mean a long-term improvement; ultimately, SHIB still has to follow the overall market trend.
If a rebound really occurs tonight, what should you do? You can look at it in two steps. First, observe the consolidation range to confirm whether it's a genuine rebound or a trap. Second, decide whether to chase the rally or short on rallies based on technical breakout levels. Recklessly chasing the rise is the easiest way to get caught.