SHIB breaks through $0.000025, how to seize potential upward opportunities in short-term trading?
Currently, the price of SHIB (Shiba Inu) is $0.00002520, showing a fluctuating upward trend, successfully breaking through the key technical support zone of $0.000025. Market sentiment remains optimistic, and SHIB demonstrates certain upward momentum. However, as the price gradually approaches the resistance level of $0.00002550, it may face some pullback pressure in the short term. For short-term traders, accurately grasping the fluctuations after the breakout and responding to pullbacks in a timely manner will be key to profit.
Technical analysis and key levels:
From a technical perspective, SHIB has broken through the support level of $0.000025 and remains above this area. Next, the price may challenge the short-term resistance level of $0.00002550. If this resistance level is broken, SHIB is expected to further rise to $0.000026. However, if it fails to break through $0.00002550 and pulls back, the support level will be near $0.000025. If it falls below $0.000025, it may further pull back to $0.00002450.
Short-term support level: $0.000025 Short-term resistance level: $0.00002550 Long-term target level: $0.000026
The RSI indicator currently shows that SHIB is in a strong zone but has not yet entered overbought territory, indicating that there is potential for upward movement in the short term, but caution is needed for possible technical pullbacks.
Short-term contract strategy:
Long strategy:
If SHIB breaks through and stabilizes at $0.00002550, it is recommended to go long with 4x leverage. The stop-loss can be set below $0.000025, and the take-profit target can be set at $0.000026. If it breaks through $0.00002550, further upward movement is expected, providing short-term profit opportunities.
Short strategy:
If SHIB fails to break through $0.00002550 and pulls back below $0.000025, consider going short. At this time, 3x leverage can be used, with the stop-loss set above $0.00002550 and the take-profit target set at $0.00002450. If the price fails to break through $0.00002550 and pulls back, going short will effectively capture short-term downward fluctuations.
SHIB's current price is at the support zone of $0.000025, facing the resistance level of $0.00002550 in the short term. If it breaks through and stabilizes at $0.00002550, it may further rise to $0.000026; if it fails to break through, it may pull back to $0.000025 or lower. $SHIB