$SHIB
Given the oversold RSI and the price nearing the lower Bollinger Band, a short-term long position could be considered for a potential bounce.
Entry: 0.00001413 (current price)Stop Loss (SL): 0.00001377 (just below the lower Bollinger Band for risk management)
Take Profit (TP): 0.00001473 (near the MA(7) and MA(25) as resistance)
Rationale:The oversold RSI indicates a potential reversal.The price is at a support level (lower Bollinger Band).A bounce to the MA(7)/MA(25) levels is a reasonable short-term target.
Note: Monitor the MACD for confirmation of bullish momentum if the histogram starts narrowing or turns positive. If the price breaks below 0.00001377, the bearish trend may continue.
