$SHIB /USDT - Technical Analysis and Target Updates
Current Price: $0.00002319 (+4.65%)
Chart: 30-minute timeframe (Binance)
Target Achieved: $0.00002300
$SHIB /USDT has successfully reached our first target of $0.00002300, showing a recovery from the recent dip. The price is currently consolidating above the support zone, hinting at potential upward movement.
Next Key Targets:
1. Short-Term Target: $0.00002340
Immediate resistance is seen at $0.00002340, which aligns with previous highs.
Action: Consider partial profit booking near this level and trailing stop-loss to $0.00002300.
2. Intermediate Target: $0.00002380
A breakout above $0.00002340 could lead to a test of $0.00002380, supported by volume accumulation.
Action: Monitor the momentum; watch for a sustained break above $0.00002340.
3. Long-Term Target: $0.00002420
Sustained bullish momentum can push the price to $0.00002420, where significant resistance is expected.
Action: Secure profits gradually and adjust risk management strategies.
Technical Indicators:
Trend: Recovery with bullish potential
Support Levels: $0.00002300, $0.00002260
Resistance Levels: $0.00002340, $0.00002380, $0.00002420