$SHIB

SHIB market analysis: Is it a good opportunity to buy low and sell high?

Brothers, SHIB's recent performance is still quite interesting! On November 22, it once pulled up from the 20-day moving average (0.000024). The bulls did hold on from the bottom, but the upper resistance level of 0.000028 was also quite tenacious, and many charges were suppressed. How should we view the confrontation between the upper and lower levels?

Current market situation: bulls and bears are tug-of-war, temporarily consolidating

Upper resistance: 0.000028, which has been touched and then fell back many times, indicating that the bulls' impact is insufficient and more volume support is needed.

Lower support: At present, the four-hour has fallen below the 20-day moving average. In the short term, the lower 50-day moving average (0.000025) will become the key support area.

The current trend has clearly entered the range of fluctuations, and the competition between support and resistance is evenly matched. The probability of a big rise or fall is not high for the time being.

Operational suggestions: Opportunities in consolidation

Buy high and buy low:

Buy point below: When it is close to 0.000024, you can consider buying with a light position, and the target is the resistance level of 0.000028.

Sell point above: When it is close to 0.000028, stop profit in time to avoid blindly chasing high.

Breakthrough and follow:

If the bulls successfully break through 0.000028, you can follow the trend and chase more after confirmation, and the target is 0.000031 or higher.

If the bears break through 0.000024, wait and see, and wait for clearer support signals before entering the market.

The current SHIB is like a tug-of-war in the boxing ring, and there is no absolute advantage between the bulls and the bears for the time being. For short-term operations, you should keep a close eye on the range of 0.000024 - 0.000028. Don’t be impulsive. Use the volatile market to grasp the rhythm of buying high and selling low. Only by following the market rhythm can you make steady profits!