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SHIB / TETHER Standard Futures

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SHIBUSDT.PS trade ideas

Shiba: Another Chances To Join - Get ReadyShiba: Another Chances To Join - Get Ready Two Days ago the crypto market was manipulated with the comments that the SEC won't approve a Bitcoin ETF and it was followed by a quick sell-off. Now '' SEC schedules meetings with the NYSE, to finalize comments on Spot. However, Shiba almost tested a key support area where the price reacted very well also on the past. SHIBA can likely test our red zone before it moves higher again by giving us another opportunity to join the Long trade again. You may find more details in the chart! Thank you and Good Luck!
Long
by KlejdiCuni
IS SHIB READY FOR A REVERSAL RALLY?SHIB Retest Phase: SHIB is currently undergoing a retest phase of a recently broken weekly resistance trendline. Potential for a Bounce Back: A long-tail candle in the weekly chart suggests a possible bounce back in the upcoming week. Upside Target: If successful, the post-retest reversal could propel SHIB's price to around $0.00002145. Recent Breakout Reversal: SHIB price briefly surpassed the $0.00001025 level but faced a pullback due to market-wide declines. Weekly Chart Observations: The weekly volume indicates a high-volume breakout followed by a downturn with a 5% weekly drop. Active Demand at Lower Levels: The long-tail formation hints at buying interest at lower price levels. Current Trading Price: SHIB is trading slightly below the crucial $0.000010 mark, at about $0.00000981. Technical Indicator - MACD: The MACD indicates a shift from bullish to potentially bearish, with declining histograms. Technical Indicator - RSI: The RSI shows a decrease in buying pressure, suggesting waning investor interest. Market Influence: The overall crypto market trend could heavily influence SHIB’s price movement. Critical Retest Outcome: The outcome of the retest phase will be pivotal for SHIB's short-term price direction. Potential Downside Risk: Failure to reclaim $0.000010 could lead to further decline, potentially down to $0.000008360.
by Coinpedia-Market-Insight
1
SHIB/USDT In the crucial area, Could SHIB Breakout or Rejected ?💎 SHIB, a notable player in the market, is currently advancing towards a critical supply area. Recently, SHIB faced a strong rejection at this juncture. For continued upward momentum, SHIB needs to break through this supply area. A confirmed breakout, probability could set the stage for SHIB to progress towards our identified strong resistance area. 💎 However, should SHIB struggle to breach this resistance and instead consolidate at this level over the next few days, it might face another rejection. Such a development could lead SHIB to retreat towards the support level at $0.00092. 💎 The support area at $0.00092 plays a pivotal role in SHIB's trajectory. A robust bounce from this level is necessary for SHIB to attempt another breakout of the supply area. Failure to sustain and rebound from this support could indicate weakening buyer momentum, raising the possibility of losing this support level. If SHIB breaks below this support, it could be directed towards the lower bullish OB area.
by MyCryptoParadise