$SHIB/USDT is showing potential for a significant move as it consolidates near a key support zone. Currently trading at $0.00002305, the price has increased by 0.52% in the past 4 hours but is down 0.17% over the last 24 hours.
Key Trading Levels:
Entry Point: Consider entries around $0.00002300 to position for the next move.
Take-Profit Targets: Watch for potential gains at $0.00002400, $0.00002500, and $0.00002600.
Support Zone: $0.00002270 is a critical level. A break below this could signal further downside.
Stop-Loss: Place stop-loss orders at $0.00002250 to limit risk.
Insights:
The 4-hour chart shows a slight bullish trend, with higher lows gradually forming.
A breakout above $0.00002400 could pave the way for stronger upward momentum.
Keep an eye on trading volumes as they will confirm the strength of buyers near resistance zones.
$SHIB remains a popular meme coin with the potential for sharp price swings. Stay vigilant and prepared to act on its next move!