🚨🔥 SHIB/USDT ALERT: EXPLOSIVE MOMENTUM OR IMPENDING RETRACEMENT? 🔥🚨 Time Frame: 1-hour chart
Overview: SHIB/USDT has surged dramatically, boasting a staggering 41.12% increase in the past 24 hours. The coin reached a 24-hour high of 0.00002795, indicating strong bullish momentum. Currently, it is slightly below the peak, signaling potential consolidation before its next big move.
Current Price: 0.00002687
Entry Price for Trades: 0.00002700 (bullish entry)
💡 Critical Levels to Watch:
Resistance Level: 0.00002795 – Breaking this level is key for further upside momentum.
Support Level: 0.00002507 – A significant level to maintain the current uptrend. A breach could signal a deeper correction.
📈 Take-Profit Targets:
1. Target 1: 0.00002850
2. Target 2: 0.00003000
3. Target 3: 0.00003200
🔻 Stop Loss Level: 0.00002500 – Helps manage risk if the market turns bearish.
⚠️ Cautionary Note: Traders should monitor SHIB’s movement closely as it flirts with the resistance at 0.00002795. Watch for confirmation of a breakout or signs of exhaustion that could lead to a pullback toward support. Volume and volatility will be key indicators to signal a sustained move. Stay alert!
