$SHIB /USDT Market 🚨
$SHIB is currently trading at 0.00002605 (-4.47%), showing a recovery from the recent low of 0.00002597. The price is consolidating with resistance near 0.00002610 and support at 0.00002596. A breakout above resistance could lead to an upward move, targeting 0.00002700 as the next level. Conversely, a breakdown below support could push the price back to 0.00002550.
Trade Signals:
Long Setup:
Entry: Near $0.00002600 on a breakout confirmation.
Target 1: $0.00002650
Target 2: $0.00002700
Stop-Loss: $0.00002580
Short Setup:
Entry: Below $0.00002595 (on breakdown).
Target 1: $0.00002550
Target 2: $0.00002530
Stop-Loss: $0.00002610
Outlook: A decisive move above 0.00002610 with volume could signal bullish continuation, while rejection near resistance could trigger a short opportunity. Traders are advised to manage risk with stop-losses and book profits near key levels.