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, while the support level below is near 0.00005683. These two numbers are critical—if the resistance can't be broken, it's the ceiling; if the support is broken, further decline may follow.

Regarding the MACD indicator, the white-yellow line has already dipped below the zero axis, but it looks like it's turning around now, with a potential shift from a death cross to a golden cross. This usually indicates a short-term rebound might occur, but don't confuse this—rebounds and reversals are two different things. This is just a technical pause within a strong bearish trend; the main direction still favors the bears.

The news sentiment 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 quietly positioning. It seems they are betting on a short-term rebound opportunity. But this doesn't mean a long-term improvement; ultimately, SHIB will still 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 high based on technical breakout levels. Recklessly chasing the rise is the easiest way to get caught.