🌱SHIB/USDT and identify key levels, targets, and stop-loss, we’ll consider the given data and apply general principles of moving averages, price trends, and volume analysis. Here's a structured analysis. 💦
✍️Recent price action is bullish, showing a +10.89% gain with price above the MA(7), MA(25), and MA(99).
Key Levels👍
Support Levels:
Immediate Support: 0.00002678 (MA(7))
Strong Support: 0.00002567 (MA(25))
Resistance Levels:
Immediate Resistance: 0.00002784 (24h High)
Major Resistance: 0.00002850 (psychological level and upward target based on recent trend)
Target Levels🚀🚀#Target🚫
Short-Term Targets (1–7 Days):
Bullish Scenario: Breakout above 0.00002784 could push the price towards 0.00002850.
Bearish Scenario: If support at 0.00002678 fails, the price could retest 0.00002567 or even 0.00002506.
Medium-Term Targets (1–4 Weeks):
Sustained bullish momentum may lead to a target near 0.00003000, considering volume and sentiment.
A bearish correction could see the price fall to 0.00002350.
Stop-Loss Strategy🔒
#shiba⚡
Bullish Traders:
Set stop-loss slightly below 0.00002650 (to minimize loss in case support at MA(7) breaks).
Bearish Traders:
Set stop-loss above 0.00002784 (to avoid shorting during a potential breakout).
Indicators to Watch👁️🗨️
RSI (Relative Strength Index):
If RSI > 70, price may be overbought; watch for corrections.
If RSI < 30, oversold conditions could signal a rebound.
Volume:
Increasing volume near resistance (0.00002784) strengthens the chance of a breakout.
Decreasing volume near support indicates potential weakening of buying pressure.
Bollinger Bands:
Analyze if SHIB/USDT price nears the upper or lower bands for potential breakout or retracement signals.
Summary🏆🏆
Key Target: 0.00002850 (short-term bullish breakout potential).
Immediate Support: 0.00002678 (watch closely for breakdown signals).
Stop-Loss Levels:
Bullish: 0.00002650
Bearish: 0.00002784
Keep monitoring volume and trend strength for confirmation of direction..
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