The SHIB/USDT chart shows recent sideways movement after a slight retracement from the high at 0.00001983, stabilizing near 0.00001780. This could either be a consolidation phase before a new push or a sign of weakening momentum, so traders should watch closely.
š Current Price: 0.00001780
š¼ Entry Price (Long): 0.00001780 (confirm breakout or stability)
š” Key Levels to Monitor:
Resistance Level: 0.00001879 ā A breakout above this resistance might spark renewed buying interest.
Support Level: 0.00001655 ā Holding this level is essential to prevent further decline.
šÆ Take-Profit Targets:
1. 0.00001810 ā For conservative traders eyeing short-term gains.
2. 0.00001879 ā Testing resistance; a break here can lead to higher targets.
3. 0.00001983 ā Aggressive target for a potential upside if momentum builds.
š Stop Loss: 0.00001650 ā Place a stop just below the recent support to manage risk.
ā ļø Caution: Monitor for stability around the current level. A strong push above 0.00001879 may signal a breakout, while failure to maintain support at 0.00001655 could lead to further downside. Adjust positions and risk based on price action!
