brief technical analysis and trade signals for $SHIB

/USDT with three potential targets and momentum:

Technical Analysis for SHIB/USDT:

Current Price: 0.00002222 (+5.16% in the last 24 hours)

Trend: Bullish momentum observed in the short term.

RSI (Relative Strength Index): Likely approaching overbought levels (~70), cautioning a potential pullback or consolidation soon.

MACD (Moving Average Convergence Divergence): Positive crossover suggests upward momentum.

Support: 0.00002071 (24h low) — support level to watch for potential rebounds.

Resistance: 0.00002238 (24h high) — if broken, the price could push higher.

Trade Signal & Targets:

1. Entry Point: Buy at 0.00002222 (current price).

2. Target 1 (Short-term): 0.00002250 — Watch for a breakout above the current resistance zone.

3. Target 2 (Medium-term): 0.00002300 — A strong momentum could push the price to this level.

4. Target 3 (Long-term): 0.00002500 — Potential major resistance zone for more significant upward movement.

Momentum:

Bullish Momentum: The price is showing positive movement, with recent gains of +5.16%. Look for confirmation with volume spikes and MACD signals.

Risk/Reward: Consider a stop loss around 0.00002185, below recent support, to limit downside risk.

This is a quick outlook, and trade execution should account for market fluctuations. Always use risk management techniques when trading!

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