SHIB/USDT Daily Analysis and Trading Strategy

Support Levels:

1. $0.00002100: Short-term support, if broken, it may continue to test lower regions.

2. $0.00001850: Strong support area, expected to provide strong rebound momentum.

Resistance Levels:

1. $0.00002256: Upper resistance, once broken, it is expected to continue rising.

2. $0.00002414: Medium-term important resistance, breaking it may open up higher space.

Market Analysis:

SHIB is currently up 3.80%, re-establishing above the MA7 moving average, close to the MA25 moving average position ($0.00002414). Short-term bullish sentiment has strengthened somewhat, but trading volume is relatively low, and we need to observe whether the price can break through the MA25 moving average. The MACD indicator shows a bearish contraction state, with bulls and bears in a tug-of-war.

Trading Suggestions:

• Long Position Strategy:

Buy in batches in the range of $0.00002150-$0.00002200, target $0.00002400-$0.00002500, stop loss at $0.00002100.

• Short Position Strategy:

If the price rebounds to around $0.00002400 and fails to break effectively, consider opening a short position with a light load, target $0.00002150, stop loss at $0.00002450.

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