$SHIB Spot Trade Setup

You have asked about a spot trade setup for SHIB/USDT,current market data, and the cryptocurrency market is very volatile. Therefore, always do your own research (DYOR) and assess your risk tolerance before making a decision.

Current Market Situation (March 10, 2025):

Price and Trend:

Current Price: $0.00001215 (+3.40% increase in 24 hours)

The chart shows that the price has been in a downtrend in recent days, but the recent few candles are showing a slight recovery.

The 1-month, 90-day, and 1-year trends are in (-), which indicates that the market is weak from a long-term perspective.

Technical Indicators:

RSI (Relative Strength Index): 40.48617281, which is close to the oversold zone but has not yet reached below 30. This indicates that selling pressure is easing, but is not yet a strong buy signal.

Moving Averages (MA/EMA): The price is below the MA and EMA, which indicates a bearish trend.

BOLL (Bollinger Bands): Price is near the lower end of the Bollinger Bands, which could be a sign of a potential reversal or bounce back.

VOL (volume): 24-hour volume is 4.11T SHIB, which is reasonable, but its ratio needs to be seen in conjunction with the price.

Support and Resistance Levels:

Immediate Support: $0.00001151 (Recent Low)

Immediate Resistance: $0.00001383 (Recent High)

If the price stays above the support and volume increases, this could be a positive signal.

Entry Point Tips:

Conservative Entry: If you want to go with low risk, wait for the price to stabilize from $0.00001215 to $0.00001250 and the RSI to reach near 50. Enter if volume increases along with it.

Aggressive Entry: If you want to use the short-term candlestick, you can enter at the current price of $0.00001215, provided that the next candle is green and the volume increases.

If the price falls below $0.00001151, exit immedi