$SHIB

/USDT Technical Analysis🚀🎯

Current Price: 0.00002908

24h Range: 0.00002840 - 0.00003095

Bollinger Bands:

Upper (UP): 0.00002965

Middle (MB): 0.00002927

Lower (DN): 0.00002889

SAR: 0.00002947

Price Action:

SHIB/USDT is currently trading near the upper Bollinger Band, suggesting upward momentum. The SAR is positioned at 0.00002947, indicating a potential continuation of the bullish trend, though this can be reversed if the price dips below key support levels

Trade Setup

Trend: Bullish short-term momentum, based on the proximity to the upper Bollinger Band and the position of SAR.

Key Support Levels:

Primary support: 0.00002840 (24h Low

Secondary support: 0.00002889 (Lower Bollinger Band

Key Resistance Levels:

Primary resistance: 0.00003095 (24h High

Secondary resistance: 0.00002965 (Upper Bollinger Band

Target Levels 🎯

1. Target 1: 0.00003050

Rationale: This level is near the upper Bollinger Band and serves as a breakout point. If the price breaks through 0.00002965, expect the price to continue towards this level, driven by continued bullish momentum.

2. Target 2: 0.00003100

Rationale: If the price maintains its bullish trend, 0.00003100 is a psychological resistance level that could be tested next.

3. Target 3: 0.00003200

Rationale: The next major resistance zone comes at 0.00003200. This level provides a stronger resistance if the uptrend continues past Target 2, based on previous price action.

Trade Strategy:

1. Entry: Consider entering a long position above 0.00002965 (Breakout point) with confirmation that the price is staying above the middle Bollinger Band (0.00002927) and SAR remains bullish.

2. Stop-Loss: Set a stop-loss at 0.00002840 (24h Low) to protect against a sudden reversal. This ensures that if the price fails to maintain bullish momentum and dips below the support zone, your position will be closed.

3. Take-Profit:

First, at 0.00003050 (Target 1).

Second, at 0.00003100 (Target 2).

Third, at 0.00003200 (Target 3), if momentum continues strong.