$SHIB /USDT Technical Analysis - Binance

📊 Current Price: $0.00002238 (-3.24%)

⏰ Timeframe: 30m

Analysis & Targets

Shiba Inu ($SHIB ) is showing signs of weakness after a bearish breakdown. Here are the levels to watch for possible recovery or further downside:

1️⃣ Target 1: $0.00002260

Immediate resistance level; breaking above this can indicate short-term bullish momentum.

2️⃣ Target 2: $0.00002300

A significant resistance point aligning with recent price action. Bullish momentum will need to sustain to push beyond this level.

3️⃣ Target 3: $0.00002360

Key resistance level near the 24-hour high. A move above this could trigger stronger buying pressure.

Strategy

📈 Bullish Case: Watch for a breakout above $0.00002250. Scale out profits at each target as resistance levels are tested.

📉 Bearish Case: A break below $0.00002230 may lead to further downside, with potential support at $0.00002200.

⚠️ Risk Management:

Set stop-loss below $0.00002220 to limit losses.

Adjust position size according to the current volatility.

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