$SHIB has been making significant moves, recently reaching $0.00003209 with a notable 18.54% gain. Despite facing resistance near $0.00003316, the token has successfully broken past the key support zone of $0.00002800, which is now holding steady. Traders are eyeing key price levels for both bullish and bearish potential.
For those looking to go long, a good entry point could be around $0.00003200, with targets set at $0.00003350, $0.00003500, and $0.00003700. A stop loss should be placed at $0.00003050 to manage risk. On the flip side, a short entry might be considered below $0.00003050, with targets of $0.00002800 and $0.00002600, and a stop loss at $0.00003200.
A breakout above $0.00003350 would signal continued bullish momentum, while failure to hold above $0.00003050 might trigger a bearish pullback. As always, traders should stay cautious and monitor these levels closely to navigate any potential market shifts.