SHIB/USDT Technical Analysis and Trade Signal
Current Price: 0.00003284 USDT
Price Change: +22.17% (24 hours)
Technical Analysis:
Trend: Bullish, with significant upward movement observed in the last 24 hours.
Support Levels:
First support at 0.00002660 (24h low).
Secondary support at 0.00002868 and 0.00003108.
Resistance Levels:
Immediate resistance at 0.00003316 (24h high).
Key resistance at 0.00003349 (SAR upper bound).
Momentum: Positive momentum with a strong 22.17% gain in 24 hours. Market is currently in a short-term uptrend, suggesting bullish sentiment.
Trade Signal:
Buy Signal: If the price breaks above 0.00003316, consider entering a long position.
Stop-Loss: Place a stop-loss around 0.00003100 to limit potential losses in case the price reverses.
Target Levels:
1. Target 1: 0.00003349 (SAR upper bound).
2. Target 2: 0.00003500 (next psychological resistance level).
3. Target 3: 0.00003700 (possible next breakout level).
Trade Momentum:
Strong Bullish Momentum: Momentum indicators show a positive trend, supporting further upward movement.