24h Low: $0.00002402
24h Vol(SHIB): 9.79T
24h Vol(USDT): 246.40M
Gainer: +4.31%
Pattern Analysis: The $SHIB chart shows a bullish trend with a potential head and shoulders pattern forming. The price is currently retesting the neckline of the pattern. A break above the neckline could confirm a bullish breakout and lead to further upside.
Trade Recommendations:
Long Trade:
* Entry: $0.00002563 (Current Price)
* Target: $0.00002800 (Above the head and shoulders pattern)
* Stop Loss: $0.00002400 (Below the neckline of the pattern)
Short Trade: Wait for a clear bearish signal, such as a break below the neckline of the head and shoulders pattern.
Market Outlook: The bullish momentum is strong, and a further uptrend is likely in the short term if the head and shoulders pattern breaks to the upside. However, it's important to monitor the market closely for any signs of a reversal.
Leverage: Use leverage carefully and manage your risk. Consider using a stop-loss order to limit potential losses.