Shiba Inu presents another imbalance on the charts- should you short it

ambcrypto.com:

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Shiba Inu noted losses of close to 20% within ten days of dropping beneath the level of support at $0.000012. Recently, the strong selling pressure forced SHIB to leave an imbalance on the charts, which was retested before prices continued to plunge.

Read Shiba Inu’s [SHIB] Price Prediction 2023-24

Now, another such imbalance was seen. However, the reaction from this zone has not been as clean as before. Was this a sign that a reversal was about to arrive, or will the bears continue to book profits on the meme coin?

Source: SHIB/USDT on TradingView

In white, two fair value gaps on the 4-hour chart are marked. The RSI was below neutral 50 over the past two weeks to indicate strong bearish momentum and a downtrend. The market structure was also bearish on the H4 and D1 timeframes. Therefore the bias of Shiba Inu was bearish.

The OBV has also been in decline, in agreement with the trend, and highlighted steady selling pressure. To the south, the $0.00000943 and $0.0000088 levels were worth watching out for, as they were two levels that the price respected since November, especially $0.00000943.

Unlike the previous surge into the FVG and rejection, the move into the imbalance in the past couple of days did not meet a quick rejection. This indicated the possibility that buyers had found their footing in the market.

Bitcoin faced heavy resistance from $20.6k to $21.2k, and Monday could lend some clarity to the price action. There was a chance that BTC, and many altcoins, will experience a minor surge to grab liquidity above the local highs made this weekend. For Shiba Inu, such a move