technical analysis and trade signal for $SHIB /USDT based on the current market conditions:

Current Price: 0.00002113 USDT

24h High: 0.00002191 USDT

24h Low: 0.00002051 USDT

Key Levels:

Support Level: 0.00002051 USDT

Resistance Level: 0.00002191 USDT

Indicators & Momentum:

Price Action: SHIB has seen a slight upward movement of 0.33% in the last 24 hours, showing a small bullish bias.

Volume: The trading volume is quite high (3.00T SHIB, 63.71M USDT), indicating strong interest in the pair.

Momentum: The price is trading near the higher end of the 24h range (0.00002191 USDT), suggesting potential for further upward movement, but caution is needed as the market is volatile.

Trade Signal:

Entry Point: Consider entering a buy position around 0.00002113 USDT (current price).

Target Levels (with risk management):

1. Target 1 (T1): 0.00002150 USDT (Resistance area, expect some price rejection).

2. Target 2 (T2): 0.00002180 USDT (Potential breakout above resistance, higher upside).

3. Target 3 (T3): 0.00002210 USDT (Extended bullish move if momentum sustains).

Stop Loss (SL):

Set your stop loss just below the support level at 0.00002051 USDT to minimize risk.

Trade Momentum:

Bullish Momentum: Given the positive change (+0.33%) and strong volume, the current momentum suggests a continuation of the uptrend if the price holds above 0.00002113 USDT. If the price breaks and closes above the resistance at 0.00002191 USDT, it could signal a further push toward the target levels.

Conclusion:

If you are following this trade, stay alert for a breakout above 0.00002191 USDT for confirmation of bullish momentum. Tighten your stop loss once the price hits the first target level to lock in profits.

Would you like further adjustments or more details on any specific part of this analysis?

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