🚨$SHIB /USDT Technical Analysis🚨

The $SHIB /USDT pair is currently experiencing a bullish trend, with the price trading above the 100-day moving average. The recent upward momentum has pushed the price to a new high, indicating strong buying pressure.

📈Long Entry:

* Entry Price: 0.00001920 (near the current resistance level)

* Stop-Loss: 0.00001800 (below the recent low)

📉Short Entry:

* Entry Price: 0.00002000 (near the current resistance level)

* Stop-Loss: 0.00002100 (above the recent high)

📊Risk Management:

* It's important to use proper risk management techniques, such as setting stop-loss orders and taking profits at predetermined levels.

* Traders should also consider using a trailing stop-loss to protect profits as the price moves in their favor.

⚡Technical Indicators:

* The RSI (Relative Strength Index) is currently in the overbought zone, indicating that the price may be due for a correction.

* The MACD (Moving Average Convergence Divergence) is showing a bullish cross, which suggests that the upward trend may continue.

⚠️Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. It's important to conduct your own research and consult with a financial advisor before making any investment decisions.

📝Note:

* The provided entry and stop-loss levels are based on the current market conditions and may change as the market evolves.

* It's always recommended to consult with a financial advisor before making any investment decisions.

I hope this analysis is helpful!

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