Regarding the long and short views of $SHIB after the burning mechanism, we can analyze it from the following aspects:
With the continuous increase in the burn rate of SHIB, the gradual decrease in the reserves in the exchange, and the increasing attention of the entire market to meme coins, SHIB is expected to continue to rise in the short term. But it should be noted that this rise is not a big pull-up that can be achieved overnight, but requires us to be prepared for both at the right points.
In terms of long positions, we can consider the following strategies:
If the price of SHIB can stabilize around 0.000017 and there is strong support at this price, then we can consider opening a long position. The expected target price can be set at around 0.000020. With the improvement of market sentiment, the inflow of funds and the support of the burning mechanism, long positions are expected to bring us greater returns. In order to control risks, we should set the stop loss point at 0.0000155 to prevent losses in the event of a sudden correction in the market.
In terms of short positions, we can consider the following strategies:
If the price fails to successfully break through the resistance level of 0.000020 and starts to fall back, then we can consider opening a short position. The expected target price can be set around 0.000015, especially when the market sentiment turns negative. This strategy is more suitable for markets with large short-term fluctuations. In order to control the risk, we recommend setting the stop loss point above $0.000018.