/USDT.🚀🔥
1. Current price position:
SHIB/USDT is trading at $0.00002786, slightly above the upper Bollinger Band ($0.00002697) and the SAR level ($0.00002416). This indicates bullish momentum, but the price may reach an overbought level.
Given the recent surge (+44.5%), we might expect some consolidation or a slight pullback before moving higher, especially with the price breaking out of the Bollinger Bands.
2. Support and resistance levels:
Support: The closest support is at the middle Bollinger Band ($0.00002404) and the Parabolic SAR ($0.00002416).
Resistance: The previous high at $0.00002795 could be an immediate resistance.
3. Targets: Based on current levels and momentum, here are three possible targets:
Goal 1: $0.00002850
This level is higher than the recent high, benefiting from the current momentum. If SHIB/USDT can break and hold above $0.00002795, reaching this target could confirm the continuation of the bullish sentiment.
Goal 2: $0.00003000
An important psychological level and a strong round number, likely to attract selling interest if reached.
Goal 3: $0.00003200
If the bullish momentum continues, this level will represent a huge profit and could be the upper resistance in a breakout scenario.
4. Stop Loss:
Consider placing a stop loss below the SAR and the middle Bollinger Band, around $0.00002400, to manage risk if the trend reverses.
Signal:
Watch for consolidation near $0.00002795 before entering, or wait for a breakout above $0.00002795 with high volume.
