Binance Technical Analysis: $SHIB /USDT
Current Price: $0.00002154 (-0.92%)
Timeframe: 30m chart
---
Analysis Overview:
$SHIB /USDT is consolidating after a recent dip, showing signs of a potential breakout. The current price action highlights critical levels to watch for short-term gains or trend continuation.
---
Targets
1. Immediate Resistance (Target 1): $0.00002180
A short-term resistance level tested multiple times.
A breakout above this could signal a bullish recovery.
2. Mid-Term Resistance (Target 2): $0.00002220
A significant level near the 24h high.
Breaking this level could indicate increasing buying momentum.
3. Extended Bullish Target (Target 3): $0.00002250
A psychological resistance level, signaling strong upward momentum if reached.
Achieving this level would confirm bullish dominance.
---
Risk Management
Support Level: $0.00002120
A critical support level for potential rebounds.
Falling below this may trigger a bearish continuation.
Stop-Loss Suggestion: $0.00002100 to minimize potential losses.
---
Trading Insights:
Short-Term Opportunity: Watch for a breakout above $0.00002180 to target $0.00002220.
Long-Term Opportunity: Sustained movement above $0.00002220 opens the path toward $0.00002250.
Advice: Secure partial profits at $0.00002180 and adjust stop-loss to $0.00002150 to protect gains while minimizing risks.