$SHIB /USDT TECHNICAL ANALYSIS - BEARISH OUTLOOK
The current price action on $SHIB /USDT shows a strong downtrend with lower lows and lower highs. After a recent price rejection near the $0.00001750 level, we expect further downside movement. The RSI is nearing the oversold region, which indicates potential for some consolidation or a minor retracement, but the overall trend remains bearish.
Entry:
Short Entry at $0.00001720
Take Profit (TP):
1st TP: $0.00001600
2nd TP: $0.00001500
Stop Loss (SL):
SL: $0.00001800
Risk Management:
Risk 1-2% of your total capital per trade. Use proper position sizing and always set your stop loss to avoid unnecessary risk exposure.
#TechnicalAnalysis #BearishTrend
#CryptoTrading #RiskManagement #PriceAction
SHIB
0.0₅911
-2.25%
