🚨$SHIB /USDT Technical Analysis:🚨
📊The $SHIB /USDT pair is currently trading at $0.00002570, down 7.75% in the past 24 hours. The daily chart shows a bearish trend with a strong selling pressure. The price has broken below the 100-day moving average and is currently testing the 200-day moving average.
📉Short-Term Outlook:
* Short Entry: Consider a short position at $0.00002600 with a stop-loss at $0.00002700.
* Target: $0.00002400
📈Long-Term Outlook:
The long-term trend for SHIB/USDT remains bearish. However, if the price manages to break above the 200-day moving average, it could signal a potential reversal.
⚠️Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
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