$SHIB
/USDT Technical Analysis & Trade Strategy🔥🚀
Current Overview:
Price: $0.00002720 (+0.55%)
24h High: $0.00002753
24h Low: $0.00002418
Resistance Level: $0.00002750
Support Level: $0.00002599
Technical Indicators
1. Moving Averages (MA/EMA):
Price currently fluctuating near short-term MA and EMA, indicating consolidation.
2. Bollinger Bands:
Bands are tightening, suggesting a potential breakout.
3. Parabolic SAR:
SAR dots indicate mild bullish trend; confirmation needed for sustained upward movement.
4. Volume:
Strong 24h volume of $381.76M reflects trader interest and potential volatility.
🎯 Trade Strategy: Breakout with Targets
Trade Setup:
Entry Point: $0.00002720 to $0.00002750 (upon a breakout above resistance).
Stop-Loss: $0.00002550 (below key support to limit downside risk).
Targets:
1. Target 1: $0.00002800 (3% gain)
2. Target 2: $0.00002950 (8.5% gain)
3. Target 3: $0.00003100 (14% gain)
Alternative Trade Setup: Bounce Play
Entry Point: Near $0.00002600 (support area).
Stop-Loss: $0.00002480 (tight stop below support).
Targets remain the same as above.
Risk Management
Position Size: 1-3% of trading capital to manage risk.
Trailing Stop: Once Target 1 is reached, consider moving stop-loss to break-even.