Futures Trading Strategy (15-Minute Timeframe, 20X Leverage)$SHIB
Given the high volatility of SHIB and the utilization of 20X leverage, a conservative approach is recommended. Here’s a detailed plan:
Entry Price:
Enter at $0.00001350, slightly below the current price to capitalize on potential downside before a rebound.
Target Price:
Establish your initial target at $0.00001400 (a 4% increase) and your second target at $0.00001450 (a 9% increase). These levels correspond to historical resistance points.
Stop Loss:
Position your stop loss at $0.00001320 (a 2% loss) to safeguard against abrupt price declines.
Risk Management:
With 20X leverage, even minor price fluctuations can result in substantial gains or losses. Ensure that your position size is manageable to avoid excessive exposure.
