$SHIB /USDT trading pair
Key Metrics:
1. Current Price: 0.00002444, up 7.15% in the last 24 hours.
2. 24-Hour Range:
High: 0.00002492
Low: 0.00002249
3. Moving Averages:
MA(5): 639,011,632,124
MA(10): 531,585,170,399
4. Volume:
24h Volume (SHIB): 3.54T
24h Volume (USDT): 84.16M
5. Indicators:
MACD: Displays bullish momentum, with positive divergence.
RSI(6): 87.88, signaling an overbought condition.
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Observations:
The price is in a strong uptrend, with SHIB reaching a near-term high of 0.00002492.
The RSI suggests the asset is overbought, which could lead to a potential pullback or sideways consolidation.
High trading volume indicates strong interest, fueling the rally.
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Key Levels:
Resistance:
0.00002492 (current high).
0.00002515 (psychological resistance level).
Support:
0.00002352 (previous breakout level).
0.00002191 (near-term support).
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Trading Strategy:
1. For Buyers:
Wait for a retracement to 0.00002350–0.00002380 for better risk-reward entry points.
Monitor for a breakout above 0.00002500 with strong volume for continued bullish momentum.
2. For Sellers:
Consider taking partial profits at 0.00002490–0.00002500 due to the overbought RSI.
Maintain positions if SHIB breaks 0.00002500 with a new trend confirmation.
3. Risk Management:
Place stop-loss below 0.00002250 to protect against significant downside.
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