$SHIB Will there be a breakthrough?

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SHIB/USDT is currently trading around 0.00002464, up 4.41% on the day. The nearest support level is 0.00002351, while resistance is at 0.00002493.

The short-term trend shows that the price is recovering from the support level with an RSI of 73, indicating an overbought condition. The MA(7), MA(25), and MA(99) all show signs of price increase, but trading volume needs to be monitored to confirm momentum.

Strategy:

Entry point: Near support 0.00002351 or when the price slightly adjusts from the current level.

Take profit point: Resistance 0.00002493 or a higher level of 0.00002786 if the upward momentum is maintained.

Stop loss point: Below 0.00002320 to reduce risk.

Long-term investors may consider accumulating if the price adjusts near the important support zone. However, it is recommended to divide capital into several portions to avoid risk from strong volatility.

#SHIB #SHIBUSDT #CryptoAnalysis #TradingPlan