$SHIB just went through a textbook “wash & reset” phase.

After days of bleeding lower, price finally swept the lows and triggered max fear. That’s usually where weak hands exit and stronger hands quietly step in.
What’s interesting now isn’t the bounce, it’s the pause. Price reclaimed an intraday level and is starting to compress instead of instantly dumping again.

When a market stops going down after bad price action, it’s often telling you something.

Not saying moon tomorrow. But this is exactly how short-term reversals and strong relief moves start forming.

Definitely one to keep on the watchlist while sentiment stays shaky.