đš $SHIB Analysis Alert on Binance đš
Current Price: 0.00001519 USDT
Technical Outlook: The SHIB/USDT pair is showing a significant upward momentum as reflected in the recent price action on the 4-hour chart. After a consolidation phase, the price has broken past the resistance level at 0.00001500 USDT, reaching a current high of 0.00001519 USDT. This surge indicates strong buying interest.
Resistance & Support Levels:
Immediate Resistance: 0.00001600 USDT
Major Resistance: 0.00001650 USDT
Support Level: 0.00001450 USDT
Trade Recommendations:
Long Trade: Enter above 0.00001519 USDT, aiming for targets at 0.00001600 USDT and 0.00001650 USDT. Place a stop loss below 0.00001450 USDT.
Short Trade Scenario: If the price retraces and breaks below the support at 0.00001450 USDT, consider a short position targeting 0.00001400 USDT and 0.00001350 USDT with a stop loss above 0.00001500 USDT.
Market Sentiment: The current positive run in SHIB/USDT is backed by a 13.94% increase over the past 7 days, signaling a bullish market sentiment. However, traders should keep an eye on volume changes and potential resistance challenges.
â° Time to Fill Wallet? Keep an eye on SHIB and adjust your strategies accordingly! đŒđ
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