$SHIB /USDT Complete Trading Setup on request of one of my followers @tarboo
💸Current Price: 0.00003249 (+4.74%)
💥Timeframe: 1 Hour Chart
✅Market Overview: SHIB is showing strong bullish momentum with increased volume, breaking through resistance levels while maintaining an uptrend.
💸Key Support and Resistance Levels
💪Support:
1. 0.00003229 (close to the low of recent consolidation)
2. 0.00003029 (24-hour low, strong base for further rallies)
🚩🚩Resistance:
1. 0.00003335 (recent 24-hour high; sellers are visible here)
2. 0.00003351 (historical level for extended resistance)
🐷Market Insights
1. Volume Surge: The significant rise in volume (62.7B SHIB in this period) signals active participation, supporting the bullish breakout.
2. MACD: The DIF (0.00000045) crossing above the DEA (0.00000031) indicates a buy signal with strong bullish momentum.
3. Moving Averages: MA(5) is above MA(10), confirming the short-term uptrend.
🐼Trading Setup
🐰Long Position Setup:
☢️Entry: 0.00003249 or after a minor pullback to 0.00003229.
🎯Target 1: 0.00003335
🎯Target 2: 0.00003351
🚩Stop Loss: Below 0.00003200 to limit risk in case of reversal.
👇Short Position Setup:
🌟Entry: Near resistance at 0.00003335 if rejection occurs.
🎯Target 1: 0.00003229
🎯Target 2: 0.00003180 (prior support levels for a deeper pullback)
🚩Stop Loss: Above 0.00003360, as breakout invalidates short setup.
🌀Next Move Prediction
🐶🐶Bullish Continuation: If SHIB breaks and sustains above 0.00003335, expect a push toward 0.00003351 or higher.
🐰🐰Sideways Consolidation: Price may oscillate between 0.00003229 and 0.00003335 as traders take profits and regroup.
🐺🐺Bearish Pullback: Watch for a breakdown below 0.00003200 for a potential decline to 0.00003029.
💥Pro Tip
Use a trailing stop for long trades to lock in profits if the momentum slows down after hitting the first target
#SHIBAUSDT #BinanceNextWave #Write2Earn! #share1bnb
