SHIB/USDT Technical Analysis 🐾: Buying, Selling, and Stop Loss Targets 🎯
(Shiba Inu)
Current Price: 0.00002979 USDT
Price Change: +0.95% (24h)
Trading Data:
24h High: 0.00003095 USDT
24h Low: 0.00002659 USDT
24h Volume (SHIB): 15.53T SHIB
24h Volume (USDT): 447.51M USDT
Technical Analysis:
Price Trend: SHIB is experiencing a slight upward move, gaining 0.95% in the last 24 hours.
Support Level: 0.00002659 USDT
Resistance Level: 0.00003095 USDT
Support and Resistance Zones:
Immediate Support: 0.00002914 USDT
Next Support: 0.00002824 USDT
Immediate Resistance: 0.00003079 USDT
Next Resistance: 0.00003095 USDT
Step-by-Step Trading Strategy:
Buy Signal:
Buy on Support: Consider buying near 0.00002914 USDT if the price stabilizes and shows upward momentum.
Breakout Buy: Enter long positions if the price breaks above 0.00003095 USDT with strong volume.
Sell Signal:
Take Profit: Book profits near the resistance levels of 0.00003079–0.00003150 USDT.
Trend Reversal: Exit trades if the price falls below 0.00002824 USDT to minimize potential losses.
Stop Loss:
Protective Stop: Place a stop-loss slightly below 0.00002824 USDT to manage risks.
Target Price:
Short Term: Aim for 0.00003050–0.00003100 USDT.
Medium Term: If bullish momentum persists, target 0.00003200–0.00003300 USDT.
Key Observations:
Keep an eye on trading volume and market sentiment for confirmation of price movements.
Watch for any news or developments related to SHIB, as it is highly influenced by market hype and community activity.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.