$SHIB
SHIB, this "cute dog" has recently caught the attention of the market! On December 1, it directly broke through the resistance level of $0.000032 and completed a bullish inverted head and shoulders pattern. This wave of market is really not to be missed!
1. Bullish inverted head and shoulders pattern formed, with a target of $0.0000455! First of all, this inverted head and shoulders pattern means that the market's bullish sentiment has increased significantly.
Technical analysis:
Step 1: If SHIB can stand firmly above $0.000032, the next target is $0.000041.
Step 2: If the bulls continue to exert their strength, the price may further rush to the pattern target of $0.0000455! This is a typical "buy opportunity" signal, especially suitable for brothers who operate in the short term.
2. Long-short contest: The "life and death line" of $0.000032 But don't be too happy too soon, the bears are not willing to give up! At present, although the price has briefly broken through $0.000032, whether it can stand firm depends on subsequent performance:
Short strategy: If the price falls back below $0.00002830, it may fall back to the 20-day moving average. At this time, bulls need to be alert to short-term downside risks.
Bulls hope: If the price can firmly hold $0.000032, it will become a new bottom, and the room for future rise will open up.
3. The target path is clear, with short-term resistance of $0.000034
The next thing to note is that SHIB has slight resistance near $0.000034, but it is not expected to be too strong. After breaking through, it can move towards $0.000041 or even higher.
Strategy:
Breakout long: If the price remains above $0.000032, consider entering the market with a light position, with a target of $0.0000341-0.0000418.
Pullback long: If the price falls back to the 20-day moving average (around $0.0000241), it may be an opportunity to pick up bargains at a low level.
4. What are the long-term layout opportunities?
Although short-term fluctuations are large, SHIB still has long-term potential with huge community support and popularity. As long as the overall market sentiment is positive, SHIB may return to a higher price range.
$0.00002830 is a key point. If it is held, it can hit a higher target. If it is broken, there may be a risk of a pullback. Long: $0.0000341 → $0.0000383 → $0.00004581. Defense point: Pay attention to the risk of a pullback near the 20-day moving average.The "cute dog" seizes the opportunity, do you dare to follow? What do you think? Let's talk about it in the comment section!