SHIB/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 0.00002941 USDT
Support Level: 0.00002823 USDT
Resistance Level: 0.00003129 USDT
Trading Data:
24h High: 0.00003129 USDT
24h Low: 0.00002823 USDT
24h Volume (SHIB): 15.22T
24h Volume (USDT): 447.48M
Technical Analysis:
Price Trend: SHIB is down by -5.98%, reflecting bearish sentiment.
MACD: Shows decreasing bearish momentum.
RSI (Relative Strength Index): Near oversold territory, signaling potential reversal.
Candlestick Patterns: Retracement observed near support with reduced selling pressure.
Step-by-Step Trading Strategy:
Buy Signal:
Entry zone: 0.00002850–0.00002900 USDT (near support).
Breakout entry: Above 0.00003130 USDT for bullish confirmation.
Sell Signal:
Take profit near 0.00003100–0.00003130 USDT (resistance).
Extended targets: 0.00003200–0.00003250 USDT if bullish momentum strengthens.
Stop Loss:
Below 0.00002800 USDT to manage downside risk.
Target Price:
Short Term: 0.00003100–0.00003130 USDT.
Medium Term: 0.00003200–0.00003250 USDT upon breakout.
Important Notes:
SHIB is trading near its key support, suggesting accumulation by buyers.
Monitor trading volume for confirmation of trend direction and strength.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
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