$SHIB /USDT Technical Analysis
Current Price: $0.00002542
24H High: $0.00002818
24H Low: $0.00002518
24H Volume: 14.31T SHIB
Analysis:
The $SHIB /USDT pair is currently consolidating within a descending channel pattern. This pattern suggests a potential bearish breakout, indicating a downside move.
Trade Ideas:
Short Trade:
* Entry: Below $0.00002518 (24H Low)
* Target: $0.00002303
* Stop Loss: Above $0.00002818 (24H High)
Leverage: 2x-3x
Market Outlook:
Given the bearish pattern and recent price action, a bearish breakout below the support level is likely. Traders should be cautious and consider short positions with proper risk management.