Shiba Inu (SHIB) with a 5x leverage, based on technical indicators and market trends. You're viewing the resistance at MA200 as a signal for another potential drop, especially with low trading volume and a lower high. Your main trade idea is that since the overall trend since March has been downward, thereâs a higher probability that the price will break lower rather than higher, particularly with market weakness at resistance.
Here are the key points from your setup:
Short SHIBUSDT with 5x leverage.
Entry levels:
1. $0.00002150
2. $0.00002000
3. $0.00001850
Targets:
1. $0.00001750
2. $0.00001610
3. $0.00001495
4. $0.00001350
5. $0.00001245
Stop-loss: Adjust based on personal risk tolerance.
Capital allocation: 3%.
Potential profit: 172%.
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