_$SHIB/USDT Technical Analysis Update_
_Current Stats:_
- Price: $0.00001679
- 24h Change: -2.95%
- High: $0.00001802
- Low: $0.00001671
- Resistance: $0.00001802
- Support: $0.00001664
_Market Analysis:_
1. Bearish momentum
2. Strong selling pressure
3. Potential further declines
_Trading Strategies:_
_Short Position:_
1. Entry: Breakdown below $0.00001664
2. Target: $0.00001500, $0.00001400
3. Stop-loss: $0.00001750
_Long Position:_
1. Entry: Reversal signal above $0.00001802
2. Target: $0.00002000, $0.00002200
3. Stop-loss: $0.00001600
_Technical Indicators:_
1. RSI (14): 38.49 (oversold)
2. MACD (12, 26): Negative crossover (bearish)
3. Moving Averages: Death cross (50MA < 200MA)
_Risk Management:_
1. Set stop-loss orders
2. Manage position sizing
3. Monitor market sentiment
_Additional Resources:_
1. SHIB charts: TradingView, CoinMarketCap
2. Market news: Coindesk, CoinTelegraph
3. Trading communities: Reddit, Telegram groups
Actionable Advice:
1. Monitor $0.00001664 support for potential breakdown.
2. Wait for clear reversal signal for long positions.
3. Adjust trading strategies according to market sentiment.
SHIB's recent dump has led to significant losses.
Next support levels:
1. $0.00001600
2. $0.00001500
3. $0.00001400
Are you:
1. Selling the breakdown?
2. Buying the reversal?
3. Holding steady?
Please respond with the number of your chosen action.
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