$SHIB

SHIB market analysis: key points are being fought, and a breakthrough is imminent! 🐾

Brothers, SHIB has been a bit entangled recently! Although the price is firmly on the 20-day moving average (0.000023), the bulls have failed to hit the resistance level of 0.000026 several times, indicating that the high-level demand is gradually weakening, and the market is looking for direction while waiting.

Current situation: a tug-of-war is unfolding 🎢

Price range: The current price is hovering between the 20-day moving average (0.000023) and 0.000026, and the short-term direction is unclear.

Technical signal: 20-day moving average: The upslope trend shows that the bulls still have some advantages. If the price can hold the 20-day EMA, it may still hit upward.

RSI: The positive area shows that the market buying power still exists, but the momentum is not enough to directly break through the resistance.

What to do next? 🔮

Bull strategy:

Breakthrough confirmation: If the closing price successfully stands above 0.382 (0.00002416) or 0.000026, you can start to arrange long orders, with the target at 0.000029, when the bullish sentiment may explode!

Support rebound: In case the price falls back to the 50-day moving average (0.000021-0.000019), you can pay attention to whether a stabilization signal is formed, and then wait for an opportunity to enter the market to buy the bottom.

Bear strategy:

Losing the 20-day EMA: If the price falls below 0.000023, the bulls may give up temporarily, and the target will drop to the vicinity of the 50-day moving average (0.000021-0.000019) in the short term. The bears can try short-term opportunities.

SHIB is currently in a critical period of long-short competition, and both breakthroughs and retracements may become signals for the next step.

The bulls are watching for the stabilization of 0.000024 and the breakthrough of 0.000026, while the bears are watching for the loss of 0.000023. 🔥

The point given yesterday was not broken. Breaking means that a real Yin K is completely closed below the support level.