$SHIB /USDT Technical Analysis & Targets
Current Price Action: $SHIB /USDT is trading at $0.00002266, with a mild bullish bias seen on the 30-minute timeframe, showing a steady climb after breaking recent resistance levels.
Key Levels:
1. Target 1: $0.00002300
The immediate resistance lies at $0.00002300. A breakout here may indicate a continuation of the short-term bullish trend.
2. Target 2: $0.00002350
If the price sustains above $0.00002300, the next significant level to watch is $0.00002350, which aligns with a previous high and key psychological resistance.
3. Target 3: $0.00002400
A strong push above $0.00002350 could lead SHIB toward $0.00002400, marking a potential breakout to new highs in the current trend.
Trading Strategy:
Entry: Consider buying near $0.00002250-$0.00002266, supported by short-term consolidation.
Take Profit:
25% at $0.00002300
50% at $0.00002350
Final 25% at $0.00002400
Stop-Loss: Place below $0.00002190 to manage risk effectively.
Outlook:
SHIB is up 6.94% today, signaling momentum after a week of consolidation. While it is still down 4.75% over 30 days, the recent rally suggests recovery and potential for further gains.