SHIB/USDT Technical Analysis ๐Ÿพ๐Ÿ“Š

Current Statistics:

Price: 0.00003031 USDT

24h Change: +0.95%

24h High: 0.00003095 USDT

24h Low: 0.00002659 USDT

24h Volume:

SHIB: 15.53T

USDT: 447.51M

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Technical Analysis

Trend: Slight upward movement (+0.95%).

Support Levels:

Immediate: 0.00002914 USDT

Next: 0.00002824 USDT

Resistance Levels:

Immediate: 0.00003079 USDT

Next: 0.00003095 USDT

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Trading Strategy

Buy Signals:

1. Support Buy: Look for buying near 0.00002914 USDT, provided the price stabilizes and shows upward momentum.

2. Breakout Buy: Enter long positions if the price breaks above 0.00003095 USDT with strong volume.

Sell Signals:

1. Take Profit: Close positions near resistance levels between 0.00003079โ€“0.00003150 USDT.

2. Trend Reversal: Exit if the price drops below 0.00002824 USDT.

Stop Loss:

Place a stop-loss just below 0.00002824 USDT to limit potential losses.

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Target Price Levels

Short-Term: 0.00003050โ€“0.00003100 USDT

Medium-Term: If bullish momentum persists, aim for 0.00003200โ€“0.00003300 USDT.

Key Observations

Monitor trading volume and sentiment closely to confirm trends.

Stay updated on SHIB-related developments, as news and community activity can significantly impact the price.

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$SHIB