SHIB's nighttime wind direction has changed, where will the long and short battle go?
The current price of SHIB is $0.00002595, continuing a fluctuating pattern. The daily chart shows that SHIB is struggling to break through in the short term, with prices hovering between key support and resistance levels. Trading volume has moderately increased, but momentum indicators show that upward pressure is rising, and market sentiment appears slightly cautious.
From a technical perspective, there is strong resistance around $0.00002620. If this level can be broken, it may lead to further upward opportunities; while the support level below is near $0.00002560. If this area is breached, it may trigger short-term selling pressure.
Technical analysis and key levels:
• Resistance levels: $0.00002620, $0.00002650
• Support levels: $0.00002560, $0.00002530
Currently, the market is in a tug-of-war between long and short positions, and breaking resistance or losing support could lead to a change in trend in the short term.
Contract short-term trading strategy:
1. Long strategy:
• Entry price: $0.00002600 (enter after confirming a breakout)
• Take profit price: $0.00002640
• Stop loss price: $0.00002580
• Leverage suggestion: 3-5 times
2. Short strategy:
• Entry price: $0.00002550 (enter after confirming a breakdown)
• Take profit price: $0.00002510
• Stop loss price: $0.00002580
• Leverage suggestion: 3-5 times
SHIB may face a directional choice tonight. If it can break through the resistance of $0.00002620, it may start a new round of increases, targeting $0.00002650; conversely, if it falls below $0.00002560, the risk of short-term pullback will increase. In the current environment, flexibly adjusting strategies and quickly capturing price breakout opportunities is the key to victory! $SHIB