$SHIB USDT CryptoAnalysis

Shiba Inu (SHIB) is currently trading at $0.00002476, down 1.51% in the last 24 hours. The price has been consolidating within a range for the past few days, with the Bollinger Bands narrowing, indicating low volatility.

Short-Term Outlook:

* Short Entry: Consider a short position at the resistance level of $0.00002601.

* Take Profit: Target the support level of $0.00002358.

* Stop Loss: Place a stop loss above the recent high at $0.00002688.

Long-Term Outlook:

* Long Entry: Wait for a break above the resistance level of $0.00002601 with increased volume.

* Take Profit: Target the next resistance level at $0.00003062.

* Stop Loss: Place a stop loss below the recent low at $0.00002259.

Overall Market Sentiment:

The current price action suggests a bearish bias in the short term. However, a break above the resistance level could signal a potential bullish reversal.

Leverage:

Use leverage with caution. Higher leverage can amplify both profits and losses. Only risk what you can afford to lose.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.#BinancePoolFractalBitcoin #DeSciRising #DeSciRising #SOLMarketMove #Write2Earn!