$SHIB /USDT Technical Analysis & Trade Signal:
Current Price: 0.00002296 (+5.47%)
Technical Indicators:
RSI (Relative Strength Index): Neutral to Bullish (suggests upward momentum if the price stays above 0.00002260).
MACD (Moving Average Convergence Divergence): Bullish crossover recently (positive momentum).
SAR (Stop and Reverse): 0.00002266 (suggesting potential support for upward movement).
Support Level: 0.00002118 (24h low).
Resistance Level: 0.00002319 (24h high).
Trade Signal: Bullish
The price shows positive momentum, indicated by a recent price increase of +5.47%. A bullish crossover on MACD and a solid SAR support suggest upward potential.
Target Levels:
1. First Target: 0.00002319 (Previous high, potential resistance).
2. Second Target: 0.00002400 (Psychological resistance zone).
3. Third Target: 0.00002500 (Extended resistance zone based on price action).
Trade Momentum:
Buy Entry: Consider entering around 0.00002270 (close to support and SAR level).
Stop Loss: Below 0.00002120 (below the 24h low for risk management).
Take Profit: Use the targets mentioned, adjust based on price action.
Recommendation:
Monitor the 0.00002270 level for a possible entry, with targets at 0.00002319, 0.00002400, and 0.00002500. Maintain risk management with a stop loss below the 24h low to protect profits.
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