$SHIB

⭐️Hope everyone finds a lot of value in this article 👍

Technical Analysis:

- Moving Average (MA): The current price is below both the 50-day MA and the 200-day MA, indicating a downtrend in both the short and long term.

- Relative Strength Index (RSI): **The current RSI is at 35, indicating that the market is approaching the oversold region, which may lead to a short-term recovery.

- Support and Resistance:

- **Support:** The nearest support level is $0.00001868, the day's low.

- **Resistance:** The nearest resistance level is $0.00002367, the day's high.

Suggested Trading Strategy:

- Buy (Entry): Consider buying near the support level of $0.00001868 if the price continues to hold above this level and shows signs of a bullish reversal.

- Take Profit (TP): Set a take profit target around the resistance level of $0.00002367.

- Stop Loss (SL): Place a stop loss order below the support level, for example at $0.00001750, to minimize risk if the price continues to decline.

Note: The cryptocurrency market is highly volatile; therefore, risk management and monitoring market news are very important. #btc #shib $BTC