💣🔥$SHIB /USDT Analysis:🔥💣
📊$SHIB /USDT has encountered resistance near the $0.00002597 level, leading to a bearish correction of -4.89% in the past 24 hours. The price has retraced to the $0.00002431 level, where it currently finds support.
Short-term Outlook:
In the short term, a bearish bias prevails due to the recent price decline and the rejection at the resistance level. Traders may consider short positions with a target of $0.00002332 and a stop-loss at $0.00002597.
📈Long-term Outlook:
The long-term outlook remains bullish, supported by the overall uptrend and the recent consolidation phase. Traders may consider long positions once the price breaks above the $0.00002597 resistance level with a target🎯 of $0.000029 and a stop-loss🛑 at $0.00002332.
🔑Key Levels:
* Support: $0.00002431
* Resistance: $0.00002597
⚠️Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research before making any investment decisions.
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