Expert opinion: bullish #SHIB

1. Waiting for a reversal:

SHIBUSDT price has fallen by about 80%. Currently at the support level of $0.000014, the previous resistance has turned into support. The key is to confirm a breakout of the recent downside high, not just $0.000016, which could indicate an opportunity for a reversal.

2. Bullish divergence and momentum:

The oscillator shows a bullish divergence in the oversold area, suggesting that potential bullish power is accumulating. The increase in momentum indicates a weakening of bearish power, which could indicate an imminent reversal.

3. Key levels of attention:

Support: $0.000008, where there has been a rebound, which could be a good entry point.

Resistance: $0.000016, breaking through and holding above this could confirm a bullish reversal.

Fibonacci level: A breakout of the 61.8% Fibonacci level would further support the bullish outlook.

4. Potential entry point:

You can enter the market at the current price if it is confirmed to break through $0.000016; or enter the market when it pulls back to $0.000008 to get a better risk/reward ratio.

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