"A well-considered trading recommendation for SHIB based on current technical analysis: Will the recommendation succeed in entering and exiting to stop losses?"
The technical data for the SHIB/USDT pair shows that the currency faced strong resistance at 0.00001524 and has started to decline, currently stabilizing at 0.00001268. The overall short-term trend is bearish, with the price trading below the MA(25) and MA(99) averages, reflecting weak bullish momentum.
However, the area between 0.00001250 and 0.00001260 represents a potential strong support.
Trading Recommendation:
Potential Entry (Buy): If the price stabilizes above 0.00001260 with a confirming green candle, one can enter with a target of 0.00001380 as the first target and 0.00001520 as the second target.
Stop Loss: It is advisable to exit if the price breaks 0.00001240 with a strong red candle.
Monitor the market closely, and maintain discipline to manage risks wisely!
