🔸 SHIB/USDT – Oversold Zone, Potential Reversal? | Master Trade Setup 🔸

Overview:

On the 1D timeframe, $SHIB is down -5.06%, currently trading at 0.00001277 USDT, with a 24H high of 0.00001365 and a low of 0.00001263. The price is testing key support levels after a sharp drop from 0.00001520, showing signs of possible consolidation.

Technical Analysis:

🔹 Bollinger Bands: Price is near the lower band (0.00001231), indicating an oversold condition.

🔹 RSI (6): 32.76, approaching the oversold zone (below 30).

🔹 MACD: Weak bearish momentum, with MACD close to neutral.

🔹 Volume: 22.42M USDT, showing a decline in selling pressure.

🔹 MA (5 & 10): MA(5) 2.83T is below MA(10) 3.14T, signaling short-term bearishness.

🔹 OBV: 359T, still indicating strong long-term interest.

Trade Strategy:

🔹 Support Zone: 0.00001200 - 0.00001250, key level to watch for a bounce.

🔹 Resistance Levels: 0.00001350, followed by 0.00001430.

🔹 Stop-Loss Placement: Below 0.00001200 to minimize risk.

🔥 Master Trade Setup 🔥

✅ Scalping: Buy 0.00001250, target 0.00001350, SL 0.00001200.

✅ Swing Trade: Buy 0.00001200, target 0.00001430, SL 0.00001150.

⚠️ Reversal Signal: A close above 0.00001300 could trigger an upward move.

🛡️ Risk Management:

🔹 Capital Allocation: Risk 2-5% per trade.

🔹 Stop-Loss Discipline: Stick to the planned SL.

🔹 Risk-to-Reward Ratio: Maintain at least 1:2.

🔹 Market Conditions: Keep an eye on BTC for correlation.

💬 Will $SHIB bounce back, or is more downside coming? Share your thoughts!

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⚠️ Always DYOR before trading! Market conditions change fast, manage risk wisely.

🔹 Data source: Binance

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