$SHIB /USDT - Technical Analysis
Current Price: $0.00002295 (+5.66%)
24H High: $0.00002319
24H Low: $0.00002118
Target Levels:
1. Target 1: $0.00002350
Resistance Zone: A near-term psychological level. Breaking above $0.00002350 could indicate sustained bullish momentum.
2. Target 2: $0.00002500
Mid-Term Target: If momentum sustains above $0.00002350, this level becomes a key resistance for further bullish movement.
3. Target 3: $0.00002700
Major Bullish Target: Achievable with continued buying volume and market-wide bullish sentiment.
Action Plan:
For Traders:
Secure Partial Profits: Near $0.00002350 to lock in gains.
Stop-Loss: Adjust stop-loss to $0.00002250 after achieving the first target.
Monitor volume and price movement near $0.00002350 for breakout signals.
For Investors:
Consider accumulating positions on dips above $0.00002200 for a potential long-term move toward $0.00002700.
Ensure consolidation above $0.00002250 to confirm a bullish trend.
Technical Indicators:
Momentum: Strong bullish breakout observed with rising volumes and higher highs.
Support Levels: Immediate support at $0.00002250 and stronger support near $0.00002200.
RSI: Watch for overbought conditions near $0.00002350, as a short-term pullback may occur.