$SHIB is currently trading around $0.00002163, consolidating within a tight range. With resistance at $0.00002234 and support near $0.00002095, the price is primed for a potential breakout or breakdown. Traders should monitor these levels to capture the next move.
Trade Setup:
Long Entry: Above $0.00002240 (Breakout confirmation)
Stop Loss (SL): $0.00002100
Take Profit 1 (TP1): $0.00002350
Take Profit 2 (TP2): $0.00002450
Short Entry: Below $0.00002090 (Breakdown confirmation)
Stop Loss (SL): $0.00002200
Take Profit 1 (TP1): $0.00002000
Take Profit 2 (TP2): $0.00001900
The current range indicates indecision, but a break from this consolidation could offer substantial opportunities. Ensure tight stop losses to manage risks effectively and adjust positions as price targets are hit.