📈 SHIBA INU ($SHIB /USDT) Short-Term Trade Analysis 📈
SHIBA INU (SHIB) is currently trading with a slight downward trend, providing short-term trading opportunities. Here’s an overview of key market data and target levels:
Current Price: $0.00002546 (-0.20%)
24H High: $0.00002806
24H Low: $0.00002301
Volume (SHIB): 37.80T
Volume (USDT): 984.66M
Technical Indicators:
MACD: Shows bearish signals; keep an eye out for any bullish cross for potential entry.
RSI: Approaching oversold levels, suggesting a possible bounce in the short term.
Bollinger Bands: Indicate increased volatility, which may lead to rapid price changes.
Trade Targets:
1. Target 1: $0.00002650 (Conservative exit near resistance)
2. Target 2: $0.00002750 (Extended target for short-term rally)
3. Target 3: $0.00002800 (High target if momentum strengthens)
Strategy: Consider a buy entry if SHIB shows signs of a reversal, especially if it holds above $0.00002350. Set a stop-loss near $0.00002300 to manage risk.