đ„”đ SHIB/USDT Technical Analysis:
1. Trend Overview:
The SHIB/USDT pair has been in a downward trend, as indicated by the descending blue arrows on the chart. Price movements have been bearish recently.
2. Key Levels:
Support: The current support level is around 0.00001387 USDT. If the price holds above this level, it may signal a potential bounce.
Resistance: The resistance level to watch is approximately 0.00001480 USDT. A break above this level could lead to a bullish reversal.
3. Entry Strategy:
Long Position: Consider entering a long position if the price breaks above the resistance level. Confirm with additional indicators (e.g., RSI, MACD).
Short Position: For short positions, wait for a clear breakdown below the support level. Use proper risk management.
4. Current and Previous Values:
Current Price: 0.00001435 USDT
Previous High: 0.00001480 USDT
Previous Low: 0.00001387 USDT
Trade wisely! đđ°
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