$SHIB /USDT TECHNICAL ANALYSIS: LONG TRADE SIGNAL
The SHIB/USDT chart indicates a strong bullish trend following a sharp price increase. The current price movement suggests a breakout from a previous accumulation phase, providing a potential long trade opportunity.
Trade Setup:
Long Entry: Enter at the current market price around $0.00001325.
TP1 (Target 1): $0.00001340 (Recent high and first resistance level)
TP2 (Target 2): $0.00001380 (Higher resistance level, potential for further upward movement)
SL (Stop Loss): $0.00001280 (Below the immediate support level, providing a clear invalidation point)
Market Outlook:
The market for Shiba Inu shows a strong short-term bullish sentiment. The significant volume increase, with 24h Vol(USDT) at 35.64M, supports the upward price action. The outlook is bullish as buyers appear to be in control, pushing the price towards new highs.