SHIBUSDT 4H Potential 10% Drop – Wave 4 Incoming? SHIB1000USDT Perpetual ContractBYBIT:SHIB1000USDT.PTheWaveHunterHey traders, On the 4H timeframe, SHIBUSDT seems to be completing Wave III of a classic 5-wave impulse structure. We can clearly identify: - Wave I and II behind us - Wave III topped out recently with a strong push upward - Now expecting a Wave IV correction to unfold What supports this setup: - Wave II was an irregular correction (note how Wave B pushed above Wave A). - According to Elliott Wave alternation rules, if Wave II is complex/irregular, Wave IV is likely to be a simple ZigZag (ABC) correction. - Zigzags are typically sharp and quick, which fits the momentum of the current market structure. 🕵️♂️ What’s next? - The potential correction target lies in the marked rectangle zone (around -10% to -13% drop from the recent top). - On lower timeframes (like 7min or 10min), we’ll be watching for a support break to confirm the start of Wave IV. - If the support is broken with confirmation, that may offer an opportunity to enter a short position — as long as it fits within the personal risk parameters. 📌 Disclaimer: This is not financial advice. Trading is risky — always manage your risk, do your own research, confirm your setups, and never blindly follow others. Stay safe and smart. 🧠 Are you planning to catch this correction? Or waiting for the final Wave V? Let me know in the comments 👇