Image Description
The image shows a trading chart for the cryptocurrency pair $SHIB /USDT on the Binance platform. The chart is set to a 4-hour timeframe and displays the price movements of SHIB against USDT. The current price is 0.00002398 USDT, with a 24-hour change of -6.51%. The chart includes various technical indicators and tools on the left side, and the price movements are represented by candlesticks. The image also provides additional data such as 24-hour high and low prices, trading volumes, and percentage changes over different time periods.
#### Long Trade Entry Levels
- Entry Level: 0.00002450 USDT
- Target Level: 0.00002700 USDT
- Stop Loss Level: 0.00002300 USDT
#### Short Trade Entry Levels
- Entry Level: 0.00002300 USDT
- Target Level: 0.00002100 USDT
- Stop Loss Level: 0.00002400 USDT
#### Analysis and Predictions
The SHIB/USDT pair is currently trading at 0.00002398 USDT, showing a decline of 6.51% over the last 24 hours. The 24-hour high and low are 0.00002597 USDT and 0.00002332 USDT, respectively. The trading volume for SHIB is 8.47 trillion, while the volume for USDT is 210.86 million.
Long Trade Analysis:
- Entry Level: A long trade can be considered if the price breaks above 0.00002450 USDT, indicating a potential upward trend.
- Target Level: The target for this long trade would be 0.00002700 USDT, which is a significant resistance level.
- Stop Loss Level: To manage risk, a stop loss should be placed at 0.00002300 USDT, just below the recent low.
Short Trade Analysis:
- Entry Level: A short trade can be considered if the price falls below 0.00002300 USDT, indicating a potential downward trend.
- Target Level: The target for this short trade would be 0.00002100 USDT, which is a significant support level.
- Stop Loss Level: To manage risk, a stop loss should be placed at 0.00002400 USDT, just above the recent high.
Predictions:
- Bullish Scenario: If the price breaks above 0.00002450 USDT, it is likely to test the 0.00002700 USDT resistance level. A sustained move above this level could lead to further gains.
- Bearish Scenario: If the price falls below 0.00002300 USDT, it is likely to test the 0.00002100 USDT support level. A sustained move below this level could lead to further declines.
#### Conclusion
The SHIB/USDT pair is currently in a volatile state, with potential for both upward and downward movements. Traders should closely monitor the key levels mentioned above and use appropriate risk management strategies.
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Key Metrics:
- Current Price: 0.00002398 USDT
- 24h Change: -6.51%
- 24h High: 0.00002597 USDT
- 24h Low: 0.00002332 USDT
- 24h Volume (SHIB): 8.47T
- 24h Volume (USDT): 210.86M
- Today: -6.11%
- 7 Days: -2.64%
- 30 Days: 41.53%
- 90 Days: 66.83%
- 180 Days: -13.92%
- 1 Year: 192.56%
