$SHIB /USDT Analysis

Current Price: $0.00002587

24H High: $0.00002618

24H Low: $0.00002487

24H Volume (SHIB): 4.32T

24H Volume (USDT): 110.53M

Pattern Analysis:

The chart shows a sideways trend with a potential consolidation pattern forming. The price has been moving sideways within a defined range, suggesting a period of indecision in the market.

Trade Ideas:

Long Trade:

* Entry: $0.00002486 (Support level)

* Target: $0.00002843 (Resistance level)

* Stop Loss: $0.00002307 (Below recent swing low)

Short Trade:

* Entry: $0.00002618 (Resistance level)

* Target: $0.00002486 (Support level)

* Stop Loss: $0.00002843 (Above recent swing high)

Leverage:

* Long: 2x-3x

* Short: 1x-2x

Market Outlook:

The consolidation pattern indicates a period of indecision in the market. A breakout above the resistance level could signal a bullish trend, while a breakdown below the support level could signal a bearish trend.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any trading decisions.

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