$SHIB is Gaining Big momentum again .. with $BTC Upward momentum SHIB again started rising ..

To execute a short position on $SHIB /USDT covering 50% of your intended total position size, here’s how you might proceed:..

1. Entry Point: Considering the current market price around $0.00001654, you can start by entering half of your short position at this level or near any small pullback to $0.00001655, the recent peak in price.

2. Target Levels: Place your target to close the position near today’s low at $0.00001550. This would offer a good risk-reward ratio, aiming for a return to previous support levels.

3. Stop-Loss: Set a stop-loss slightly above the recent high, around $0.00001660, to mitigate risk in case the price moves against the expected trend.

4. Risk Management: By entering only 50% of your position now, you preserve capital and flexibility to adjust your position based on how the market responds. If the price continues to rise against your short, you can decide whether to cut losses or wait for another entry point to average down your position.

5. Monitoring: Keep a close eye on price movements and market sentiment. If there are signs of a continued upward trend or breaking news that could impact SHIB positively, be prepared to reassess your position.

This conservative entry approach allows you to manage risks effectively while still capitalizing on potential downtrends in SHIB’s price. Always ensure your trading decisions align with your overall trading strategy and risk tolerance.

#shiba⚡ #SHIBAUSDT #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR #IranianMissilesPlummetsBTC