$SHIB /USDT Trading Signal - Key Levels and Market Analysis:
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Market Overview
Current price: $0.00002106
Timeframe: 4-hour chart
SHIB has been on a steady downtrend, testing critical support levels around $0.00002100. The price is showing signs of consolidation, which could indicate a potential breakout or further decline depending on the overall market sentiment.
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Long Trade Setup
Entry Zone: $0.00002150 - $0.00002200
Targets:
Target 1: $0.00002300
Target 2: $0.00002450
Target 3: $0.00002600
Stop Loss: $0.00002000
Observation: A breakout above $0.00002200 with strong volume could signal a bullish reversal, targeting $0.00002300 initially. Sustained buying momentum could extend gains to $0.00002600, a key resistance level.
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Short Trade Setup
Entry Zone: $0.00002100 - $0.00002050
Targets:
Target 1: $0.00002000
Target 2: $0.00001850
Stop Loss: $0.00002200
Observation: A breakdown below $0.00002100 could confirm bearish continuation, with price likely heading toward $0.00002000 initially and potentially $0.00001850 in a strong selloff scenario.
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Market Predictions
Bullish Scenario: Sustained trading above $0.00002200 could lead to a rally, with $0.00002300 as the first resistance and potential for $0.00002600 in a breakout rally.
Bearish Scenario: A drop below $0.00002100 could intensify selling pressure, targeting $0.00002000 and potentially $0.00001850.
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Trading Advice
Implement strict risk management to minimize potential losses.
Secure partial profits at intermediate targets to lock in gains.
Monitor volume and broader market trends to confirm price direction.
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