SHIB/USDT Technical Analysis 📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 0.00002980 USDT
Support Level: 0.00002823 USDT
Resistance Level: 0.00003036 USDT
Trading Data:
24h High: 0.00003036 USDT
24h Low: 0.00002823 USDT
24h Volume (SHIB): 13.78T
24h Volume (USDT): 402.81M
Technical Analysis:
Price Trend: SHIB is currently down by -0.07%, indicating sideways movement or slight bearish pressure.
RSI (Relative Strength Index): RSI shows neutral conditions, suggesting indecision or consolidation.
Moving Averages: The price is fluctuating around the short-term moving averages, which signals a potential for range-bound trading.
Support and Resistance Zones: Support lies at 0.00002823 USDT, with resistance at 0.00003036 USDT.
Step-by-Step Trading Strategy:
Buy Signal:
Watch for a potential bounce near the support level of 0.00002823–0.00002900 USDT.
A breakout above 0.00003036 USDT could signal a continuation of the bullish momentum.
Sell Signal:
Take profit at the resistance zone around 0.00003036–0.00003050 USDT.
If SHIB continues to rise, consider extended targets above 0.00003100 USDT.
Stop Loss:
Place a stop loss just below 0.00002823 USDT to protect against further downside.
Target Price:
Short Term: 0.00003036–0.00003050 USDT.
Medium Term: 0.00003100 USDT, contingent on a successful breakout.
Important Notes:
SHIB's price action is currently neutral, and caution is advised near the resistance zone.
Use proper risk management and set stop losses to minimize risk.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.
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