$SHIB /USDT Trading Signal โ Short Signal Amid Bearish Momentum ๐ป
Current Price: $0.00002094 (-3.23%)
Signal: Short Position
Entry Range: $0.00002090 - $0.00002100
Take Profit Levels:
๐ฏ TP1: $0.00002084 (recent low)
๐ฏ TP2: $0.00002070
๐ฏ TP3: $0.00002050
Stop Loss: $0.00002120
Technical Observations:
Bearish Momentum: $SHIB is trading below all key moving averages (MA7, MA25, and MA99), confirming strong selling pressure.
Resistance Zone: The MA25 at $0.00002112 is acting as a critical resistance level.
Support Levels: Immediate support is observed at $0.00002084, with further downside potential if this level is breached.
Actionable Advice:
Consider opening a short position within the specified entry range. Manage risk by adjusting the stop-loss level to secure profits as the price moves closer to the take-profit targets.