SHIB/USDT is going on 🔥🔥🔥
### Long Position
**Entry Point:** Enter a long position around **0.00002510** if price shows support above the MA60 (currently around **0.00002502**).
**Take Profit (TP):**
- TP1: **0.00002530** - a short-term resistance level
- TP2: **0.00002550** - if momentum continues upwards
**Stop Loss (SL):** **0.00002480** (just below recent support).
**Trade Duration:** Short to medium term (a few hours to 1-2 days), as SHIB can have volatile moves.
### Short Position
**Entry Point:** Enter a short position around **0.00002530** if price faces resistance and declines from that level.
**Take Profit (TP):**
- TP1: **0.00002500** - a near support level
- TP2: **0.00002480** - a stronger support area
**Stop Loss (SL):** **0.00002560** (above recent resistance).
**Trade Duration:** Short-term trade, potentially within a day.
### Contingency Plans
In case the trade goes against your position, here are contingency plans based on various scenarios:
#### Plan A (Mild Reversal)
If the price moves slightly against you but holds within 0.5% of your stop loss level, consider holding the position. You can adjust the stop loss slightly (e.g., to **0.00002485** or **0.00002555** for long and short, respectively).
#### Plan B (Moderate Adverse Move)
If the price hits the stop loss but does not break significantly beyond it, consider re-entering if you see a clear reversal signal, such as a bullish/bearish candlestick pattern.
#### Plan C (Strong Reversal Against Trade)
If the price breaks through your stop loss level decisively (more than 1%), exit and stay out until a clear trend develops. Wait for price consolidation or strong support/resistance testing.
#### Plan D (Unexpected High Volatility)
If SHIB shows unexpected volatility due to news or market events, adjust positions or consider reducing trade sizes. Set a dynamic stop loss to minimize risk, and consider trading only when volatility stabilizes. #BTCNear82k $SHIB