The sharp dip across multiple tokens, including $SHIB , $ADA , and $SUI , indicates a broader market correction or external pressure on the crypto market. Possible reasons for the dip could include:
1. Macro Events: Economic announcements, regulatory news, or market sentiment shifts.
2. Profit-Taking: Traders closing positions after a recent rally.
3. Liquidity Changes: Low liquidity during market hours causing sharper price movements.
Trading Signals for Short-Term Opportunities:
1. SHIB/USDT
Entry Range: $0.00002105 - $0.00002110
Target 1: $0.00002125
Target 2: $0.00002140
Stop Loss: $0.00002085
Observation: SHIB's price shows resilience near the $0.00002100 support. A rebound may follow as buyers consolidate positions.
2. ADA/USDT
Entry Range: $0.9000 - $0.9050
Target 1: $0.9150
Target 2: $0.9300
Stop Loss: $0.8800
Observation: ADA is nearing a critical demand zone. Short-term recovery may lead to minor gains toward previous resistance levels.
3. LTC/USDT
Entry Range: $102.00 - $103.00
Target 1: $104.50
Target 2: $106.00
Stop Loss: $100.50
Observation: LTC has shown strength amidst the broader market dip, signaling relative bullish sentiment. Short-term scalps could benefit from this momentum.
4. SUI/USDT
Entry Range: $4.70 - $4.75
Target 1: $4.85
Target 2: $5.00
Stop Loss: $4.60
Observation: SUI has dipped significantly but is likely to test the $4.70 support level for a potential bounce-back.
---
Market Behavior Notes:
The dip reflects broader selling pressure but offers potential for short-term trades as price consolidates at support zones.
Keep an eye on news that could impact investor sentiment or market liquidity.
Use these signals cautiously, maintaining proper risk management. Adjust targets and stops according to market volatility.
#ShareYourTrade #BinanceAlphaAlert #USJoblessClaimsDrop #OnChainLendingSurge
