$SHIB /USDT Analysis

Current Price: $0.00002549

24h High: $0.00002649

24h Low: $0.00002449

24h Volume (SHIB): 8.37T

24h Volume (USDT): 213.57M

Analysis:

$SHIB /USDT is currently consolidating within an ascending channel, indicating potential bullish momentum. The recent price action suggests a possible breakout to the upside.

Trade Ideas:

Long:

* Entry: $0.00002550

* Target: $0.00002700

* Stop Loss: $0.00002450

* Leverage: 2x

Short:

* Entry: $0.00002650

* Target: $0.00002500

* Stop Loss: $0.00002700

* Leverage: 2x

Market Outlook:

The bullish channel pattern suggests that the market may continue to trend higher in the short term. However, a break below the lower boundary of the channel could signal a potential reversal to the downside.

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.#SHIBUSDT #CryptoAnalysis #TradingStrategy #TechnicalAnalysis #Binance