🐶 $SHIB/USDT (Binance) – Bullish Momentum Building, Eyes on Key Resistance
Current Price: $0.00001491 (up ~4.7% in the last 24 hours)
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📈 Market Setup:
**Strong Volume Surge:** Trading volume reached 4.88 trillion SHIB during early morning hours on July 18, significantly exceeding the 24-hour average, indicating heightened investor interest.
**Break Above 200-Day EMA:** SHIB has recently broken above its 200-day Exponential Moving Average (EMA), a key resistance level that has continuously capped upward momentum for several months.
**Bullish Trend Reversal:** The recent price movement suggests a potential trend reversal, with targets extending to $0.000017.
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⚡ Levels to Watch
Type Price (approx)
Support $0.00001400 – $0.00001420
Resistance $0.00001550 – $0.00001580
Next Setup Daily close above $0.00001580
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🛠️ Trade Setup
Entry Trigger: Break and hold above $0.00001580 with volume confirmation.
Retest Zone: $0.00001420 – $0.00001450 (ideal for re-entry on pullback).
Targets:
🥇 Target 1: $0.00001600
🥈 Target 2: $0.00001700
🥉 Target 3: $0.00001800+
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💡 Pro Tips
Wait for a clean breakout above $0.00001580 with volume confirmation before entering.
Use support levels around $0.00001420 as potential re-entry zones on pullbacks.
Monitor broader market sentiment and any news related to SHIB for potential catalysts.
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📰 Strategy Summary
SHIB is currently in a bullish phase, breaking above key resistance levels with strong volume. A sustained move above $0.00001580 could lead to significant upward momentum, with targets extending to $0.00001700 and beyond. Traders should watch for volume confirmation and be prepared to act on potential breakouts.
