$SHIB
/USDT Technical Analysis and Trade Signal🎯🚀
Current Price: 0.00002946 (+13.88%)
Trend: Bullish momentum with high trading activity.
Technical Indicators
1. Bollinger Bands (20, 2):
Upper Band (Resistance): 0.00003007
Middle Band (Support): 0.00002808
Lower Band (Support): 0.00002609
The price is near the upper band, signaling short-term resistance and potential for a breakout or retracement.
2. SAR (Stop and Reverse):
0.00002978 (acts as resistance).
3. Volume:
High trading volume of 16.12T SHIB / 449.60M USDT indicates strong trader interest and liquidity.
Trade Signal
Momentum: Bullish
Trade Strategy:
Enter on breakout above 0.00002978 (SAR resistance).
Use pullbacks to 0.00002850 - 0.00002880 as potential buy zones if the price retraces.
Target Levels 🎯:
1. Target 1: 0.00003050 (Immediate resistance and breakout zone).
2. Target 2: 0.00003180 (Fibonacci extension, potential next resistance).
3. Target 3: 0.00003350 (Major psychological and technical resistance).
Stop-Loss:
Place at 0.00002790 (below Bollinger Middle Band and key support zone).
Trade Momentum
Short-term: Bullish (driven by high volume and price testing resistance).
Medium-term: Potential for consolidation if unable to break 0.00003007.
Risk: Retracement likely if volume weakens or market sentiment shifts.
Monitor for sustained trading volume and RSI levels to confirm strength for higher targets.