🚨 $SHIB /USDT Technical Analysis 🚨
Current Price: 0.00002737 USDT
🕒 4H Chart Analysis
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📊 Market Overview:
24h High: 0.00002833
24h Low: 0.00002655
Trend: Volatile sideways movement with potential for breakout.
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🔵 Long Trade Setup (Bullish Bias):
Entry Level: 0.00002750 - 0.00002770 (Confirmation above resistance)
Target 1: 0.00002850
Target 2: 0.00002900
Stop-Loss: 0.00002700
⏳ For traders expecting a bullish continuation to retest the recent high.
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🔴 Short Trade Setup (Bearish Bias):
Entry Level: 0.00002730 - 0.00002720 (Breakdown confirmation)
Target 1: 0.00002680
Target 2: 0.00002650
Stop-Loss: 0.00002780
⏳ For traders looking to capitalize on a breakdown below support.
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📈 Key Observations:
Price is consolidating between 0.00002720 (support) and 0.00002770 (resistance).
Breakout or breakdown with volume confirmation will determine the next move.
RSI and price action suggest volatility remains high, so risk management is critical.
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💡 Trade Smart:
Set proper stop-loss levels to minimize risk.
Secure profits at targets, or use trailing stop-loss for extended moves.
Monitor price action and volume at entry zones closely.
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🔗 Next Potential Targets:
🚀 Upside: 0.00002900 | 📉 Downside: 0.00002650
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