$SHIB /USDT Trading Signal - Consolidation Before Momentum?
Current Price: $0.00002410 (-2.63%)
24h High: $0.00002483
24h Low: $0.00002388
24h Volume: 57.20M USDT
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Market Overview
SHIB is experiencing a pullback after reaching a high of $0.00002493, consolidating near $0.00002410. This suggests a potential breakout in either direction depending on market sentiment and volume.
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Trading Plan (1H Timeframe)
Bullish Scenario:
Entry Zone: $0.00002420 - $0.00002430
Targets:
T1: $0.00002450
T2: $0.00002480
T3: $0.00002510
Stop Loss: $0.00002380
Bearish Scenario:
Entry Zone: Below $0.00002390
Targets:
T1: $0.00002360
T2: $0.00002330
Stop Loss: $0.00002420
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Technical Insights
MACD: Bearish divergence indicates selling pressure but remains close to the signal line, suggesting limited momentum.
RSI: Trending near neutral, not indicating overbought or oversold conditions.
Support Levels: $0.00002380 and $0.00002360.
Resistance Levels: $0.00002450 and $0.00002480.
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Strategy Recommendations
Monitor for a breakout above $0.00002430 for a bullish continuation.
Increased selling pressure below $0.00002390 could confirm a bearish move.
Volume confirmation is critical for any breakout to sustain.