$SHIB /USDT Trading Update ‼️🚀
Current Price: $0.00001686 (-1.17%)
📊 $SHIB is moving within an ascending channel, suggesting bullish momentum. But here’s what you need to watch:
💥 Resistance: The key resistance level to watch is $0.00001720. A breakout above this could push SHIB towards higher targets, giving bulls more room to run.
🛑 Support: The support zone lies at $0.00001605. If this level breaks, we might see a bearish trend develop.
📈 Entry Strategy:
Long Trade: Enter above $0.00001700, targeting $0.00001720 and beyond.
Short Trade: Enter below $0.00001605, targeting $0.00001550.
🔒 Stop Loss:
For long positions, set the stop loss at $0.00001650.
For short positions, place the stop loss at $0.00001700.
This setup is crucial as SHIB is testing key levels. Stay sharp and don’t miss the potential breakout!
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