The price appears to be attempting a recovery from a previous decline, forming higher highs and higher lows in the short term.
Moving Averages (MA5 and MA10) show bullish momentum as MA5 is above MA10.
Volume:
Increasing volume indicates stronger participation, which might support the bullish move.
MACD:
The MACD line (yellow) is above the Signal line (pink), indicating bullish momentum.
The histogram shows positive growth, confirming potential upward movement.
Support and Resistance:
Support: Around 0.00002642 (previous low).
Resistance: Around 0.00002720 (recent high before retracement).
Trading Strategy
1. Long Position
Entry: 0.00002670–0.00002688 (current price range after confirmation of bullish momentum).
Take Profit (TP):
Target 1: 0.00002720 (recent resistance).
Target 2: 0.00002750 (psychological level).
Stop Loss (SL): 0.00002640 (below the recent low).
Trade Duration: 1–3 days (short-term swing).
2. Short Position
Entry: 0.00002720–0.00002730 (if price rejects resistance).
Take Profit (TP):
Target 1: 0.00002688 (current price).
Target 2: 0.00002640 (recent support).
Stop Loss (SL): 0.00002750 (above resistance breakout).
Trade Duration: 1–3 days.
Contingency Plan (if signals go against you)
Plan A: Long Position Loss
If price breaks below the SL (0.00002640), exit the trade and wait for a reversal signal.
Re-enter around 0.00002600 with the same TP targets but with tighter SL.
Plan B: Short Position Loss
If price breaks above 0.00002750, exit the trade and switch to a long position as resistance becomes support.
Re-enter at 0.00002750 with TP targets of 0.00002780 and 0.00002800.
Plan C: Sideways Market
If price stays between 0.00002640 and 0.00002720, avoid opening new positions and wait for a breakout in either direction.
Plan D: Unexpected Volatility
Use trailing stops to protect profits in case of rapid price movement.
Risk Management
Position Size: Allocate only 1–2% of your trading capital per trade.
Risk-Reward Ratio: Aim for at least 1:2 (e.g., risk 1% to make 2%).
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