Here's a technical analysis for $SHIB /USDT based on your data:

📊 SHIB/USDT Market Snapshot

Current Price: $0.00001642

24h Change: +4.19%

Bid/Ask Spread: Tight at $0.00001641 / $0.00001642

High: $0.00001661

Equilibrium: $0.00001620

Time: 08:39 (platform time)

🧭 Key Levels

Level TypePriceImmediate Resistance$0.00001661 → $0.00001680Next Targets$0.00001700 → $0.00001740Current Price$0.00001642Equilibrium (Fair Price)$0.00001620Support Levels$0.00001603 → $0.00001585 → $0.00001540Major Support (Low)$0.00001479

🔍 Market Interpretation

Price Action: SHIB is trading above equilibrium, signaling bullish bias.

Momentum: Price is building strength after holding $0.00001580+ zone.

CHOCH (Change of Character): Confirmed above $0.00001603 — bullish structure shift.

Volume and volatility: Appear to be increasing — good for breakouts.

📈 Potential Trade Setups

✅ Bullish Play

Entry Zone: $0.00001620 – $0.00001642 (retest or continuation)

TP1: $0.00001680

TP2: $0.00001720

TP3: $0.00001740

Stop-loss: Below $0.00001585 (or tighter: $0.00001600 for intraday)

❌ Bearish Risk (invalidates setup)

Break below $0.00001603 = weakening structure

Full breakdown below $0.00001559–0.00001540 would shift to a bearish bias

🧠 Summary

SHIB is currently in a short-term bullish trend with upward momentum. Holding above $0.00001603 is key. A breakout above $0.00001680 opens doors to test $0.00001720–$0.00001740.

As meme coins tend to move quickly, tight stops and quick reactions are recommended.

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