SHIB/USDT Analysis June 1, 2024

Current trends:

- EMA 13 and EMA 26: Currently, EMA 13 is below above EMA 26, showing a slight downtrend. SHIB/USDT price is fluctuating around the $0.00002550 area.

Detailed analysis:

1. Current price and "Value Zone":

- EMA 13: $0.00002583

- EMA 26: $0.00002566

- The current "Value Zone" is between $0.00002566 and $0.00002583.

- SHIB price is fluctuating around $0.00002550, close to the value zone.

2.Trading strategy:

- Uptrend: Wait for EMA 13 to cross above EMA 26, we consider a buy signal.

- Set up buy orders:

- Wait for SHIB price to adjust to the "Value Zone" around $0.00002566 - $0.00002583.

- Look for bullish Price Action signals (pin bar, inside bar) or candlestick reversal patterns in this area.

- Place a Buy order when there is a confirmation signal.

- Stop loss set below $0.00002483 to protect capital.

- Take profit with a trailing stop or at the nearest resistance at $0.00002650.

3.Risk and management:

- Risk: Stop loss at $0.00002483.

- Management: Use trailing stops to optimize profits if the price moves as predicted.

Conclude

With the current trend of SHIB/USDT on June 1, 2024, the "Value Zone" trading strategy focuses on waiting for the price to adjust to the $0.00002566 - $0.00002483 zone and finding a suitable buy signal. This helps optimize profit opportunities and manage risk effectively.