SHIB/USDT is showing renewed bullish momentum on the 1-hour chart after bouncing strongly from the 0.382 Fib support at 0.00001293. The price is currently trading around 0.00001324, testing the 0.618 Fib resistance at 0.00001327.
📈 Buy/Entry Zones:
A safe re-entry for spot traders could be around 0.00001300–0.00001305 if the price dips, which aligns with the 50% Fib retracement and short-term moving average support. Stronger buying interest may appear at 0.00001293.
📉 Resistance Levels:
Immediate resistance: 0.00001327 (0.618 Fib) – a break above could open the way to 0.00001350.
Major resistance: 0.00001381 – previous high and potential profit-taking zone.
💰 Take Profit Targets:
TP1: 0.00001350
TP2: 0.00001381
🛡 Stop-Loss:
To protect capital, a stop-loss near 0.00001272 (0.236 Fib) is ideal for spot traders.
📊 Indicators Insight:
Stoch RSI is in the overbought zone, suggesting a short-term pullback could occur before the next leg up.
Volume Oscillator shows increasing momentum, hinting at possible breakout pressure.
⚡ Pro Tip: Watch for a breakout above 0.00001327 with strong volume – it could trigger a quick rally to 0.00001381!
Click the $SHIB cashtag now and position yourself before the market decides!
Spot trading only. Manage your risk.
