$SHIB is stuck inside the Consolidation area š
$SHIB is trading at $0.00002129, up 0.80% in the last 24 hours. The price is consolidating within a range, testing resistance at $0.00002191 and support at $0.00002051. This sideways movement suggests potential for a breakout.
Key Levels:
Resistance: $0.00002191
Support: $0.00002051
Potential Scenarios:
A breakout above $0.00002191 could push SHIB toward $0.00002250.
A breakdown below $0.00002051 might see a retest of $0.00002000.
Trading Strategy:
Long Entry: Above $0.00002191 with targets at $0.00002250 and $0.00002300.
Short Entry: Below $0.00002051 with a target of $0.00002000.
Stop Loss: Below $0.00002051 for long positions or above $0.00002191 for short positions.
SHIB's consolidation hints at a decisive move. Monitor closely for breakout confirmation.