SHIB: The price is gently recovering from the support level of 0.00002136, with stronger upward momentum in the short term. However, it is necessary to monitor nearby resistance levels to confirm the trend.

1. Price Trend

4-hour frame (4H): The current price is at 0.00002214, up 3.12% in the last 24 hours. After declining from the peak of 0.00003443, the price found support at 0.00001853 and is recovering. Bollinger Bands are narrowing, indicating that the market is accumulating. RSI is at 60.28, showing a slight upward trend.

15-minute frame (15M): The price has surpassed the middle band of the Bollinger Bands (0.00002186) and is testing the upper band (0.00002218). RSI is at 71.66, in overbought territory, suggesting a high likelihood of short-term correction.

2. Entry Points

Buy Point (Long): Wait for the price to correct to the range of 0.00002180 - 0.00002190 (middle band of the 15-minute Bollinger Bands) with a confirming upward signal.

Sell Point (Short): If the price does not exceed the range of 0.00002225, consider opening a short position.

3. Take Profit Levels

Buy Order: Take profit at 0.00002250 - 0.00002260 (near resistance).

Sell Order: Take profit at 0.00002150 - 0.00002160 (near support).

4. Stop Loss

Buy Order: Stop loss below 0.00002130 (breaking near support).

Sell Order: Stop loss above 0.00002260 (breaking near resistance).

5. Overall Strategy

The price is showing signs of recovery but remains within a narrow range. Short-term trading prioritizes monitoring signals at support/resistance levels for decision-making.

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#SHIB #SHIBUSDT #TechnicalAnalysis #CryptoTrading #ResistanceSupport #BollingerBands #RSI