$SHIB
š„ SHIB/USDT: Technical Analysis Update š„
The SHIB/USDT pair is trading at $0.00002248, consolidating near a critical zone as traders prepare for the next major move. Hereās the latest breakdown of the key technicals:
š Support & Resistance Levels:
Support: $0.00002200 (key psychological level) and $0.00002150 (recent swing low).
Resistance: $0.00002300 (immediate resistance) and $0.00002400 (key breakout level).
š Market Dynamics:
SHIB has held strong above the $0.00002200 support, showing buyer interest at this level. The $0.00002300 resistance is the next hurdle, and a breakout here could open the doors to a run toward $0.00002400 or higher.
š Trading Strategy:
Bullish Play: Enter long positions on a breakout above $0.00002300, targeting $0.00002400ā$0.00002500. Use a stop-loss at $0.00002180 for risk management.
Bearish Play: Short positions can be considered if the price drops below $0.00002200, with potential targets at $0.00002150 or lower.
With SHIBās history of explosive moves, the current consolidation might be the calm before the storm. Watch for volume spikes and prepare for action. Will SHIB break higher or retrace? Stay sharp and trade smart! š
#BinanceLaunchpoolBIO #BinanceAlphaAlert #MarketRebound #BinanceLabsBacksUsual #Write2Earn