SHIB/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 0.00002894 USDT
Support Level: 0.00002643 USDT
Resistance Level: 0.00003000 USDT
Trading Data:
24h High: 0.00003000 USDT
24h Low: 0.00002562 USDT
24h Volume (SHIB): 13.98T SHIB
24h Volume (USDT): 387.31M USDT
Technical Analysis:
MA (Moving Average): Uptrend indicating buying pressure.
EMA (Exponential Moving Average): Bullish, confirming upward momentum.
MACD: Positive, suggesting continuing upward movement.
Bollinger Bands: Price nearing the upper band, indicating a potential breakout.
SAR (Parabolic SAR): Upward trend, supporting the bullish movement.
Step-by-Step Trading Strategy:
Buy Signal:
Enter when the price hits 0.00002643 USDT (support level) and starts showing signs of reversal, or if it breaks 0.00003000 USDT (resistance), confirming a breakout.
Sell Signal:
Exit at 0.00003000 USDT (resistance level) or if a reversal is observed. If the price continues upwards after breaking resistance, adjust your sell target accordingly.
Stop Loss:
Set stop loss at 0.00002643 USDT to minimize losses if the price drops below the support level.
Target Price:
Short Term: 0.00003000 USDT (near-term resistance level).
Long Term: Potential further gains if the breakout continues. Target the next resistance level at 0.00003017 USDT.
Important Notes:
Best Time to Buy: Watch for high-volume periods, especially around the opening hours or key trading times.
Best Time to Sell: Look for reversal signs at 0.00003000 USDT (resistance level).
Always verify with live charts before making a move.
Disclaimer:
Trading involves risk. This is not financial advice. Always do your own research and trade responsibly.