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SHIBUSDT.PS trade ideas

SHIB / USDT : Preparing for a breakout amid bullish momentumSHIB/USDT: Preparing for a Breakout Amid Bullish Momentum SHIB/USDT is gearing up for an exciting opportunity 📈 as it approaches a critical trendline resistance zone once again 📊. Despite a recent rejection, the setup remains intact, and another attempt at a breakout appears likely 💥. A successful breakout could ignite a strong bullish wave 🚀. Stay vigilant and wait for confirmation before making your move. Key Insights: 1. Trendline Resistance: SHIB/USDT is facing a significant resistance level that has capped its price movements. Another test of this level could lead to a decisive breakout. 2. Volume Watch: Keep an eye on trading volume during the breakout. A noticeable spike in volume will confirm buyer strength 🔥. 3. Momentum Signals: Indicators like RSI and MACD are turning positive ⚡, hinting at growing bullish momentum ahead. Steps to Confirm the Breakout: Look for a clear 4H or daily candle closing above the trendline resistance 📍. A strong volume surge during the breakout signals increased buyer activity 📊. A retest of the resistance, now acting as support, adds confirmation ✅. Beware of fake breakouts, such as quick reversals or long wicks above the resistance ⚠️. Risk Management Strategies: Set tight stop-loss orders below key support levels to limit risk 🔒. Maintain proper position sizing in line with your overall trading plan 🎯. This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making any trading decisions. Stay patient, and be ready for the next bullish wave!
Long
by Crypto-By-Ghazi
1
Shiba Inu: Bullish Momentum Remains IntactShiba Inu: Bullish Momentum Remains Intact From our previous analysis, SHIBA coin has developed further and created a larger bullish pattern. Recently, the price broke out from this pattern with high bullish volume, reaching the first target with a gain of nearly 40% to 45%. The outlook remains positive, and SHIBA coin may continue to rise, potentially testing the March 2024 peak again. You may watch the video for further details! Thank you!
Long
by KlejdiCuni
6
SHIB: Watch this level!If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.0000283$ and take profits at the levels shown in the chart. Targets: 1. 0.0000289$ 2. 0.0000297$ 3. 0.000031$ ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
3
SHIB Burn Rate Rockets 3,400%, Yet Price Faces Bearish PressuresA Surge in Supply Reduction The Shiba Inu ecosystem has once again sparked investor interest as its burn rate surged by an astounding 3,400%, reducing the circulating supply by over 2 billion SHIB tokens. This significant burn, executed by key wallet addresses, signals a concerted effort to decrease supply and drive long-term value through scarcity. Over the past week, a total of 4.23 billion SHIB tokens were burned, reflecting a broader trend that aligns with the fundamental law of supply and demand. Recent large-scale purchases by a major SHIB whale further underscore growing institutional interest, contributing to an optimistic outlook. These strategic burns and acquisitions set the stage for a potentially bullish future as the reduced supply could lead to upward price pressure. Technical Analysis Despite the fundamental optimism, Shiba Inu's current price action paints a mixed picture. At the time of writing, CRYPTOCAP:SHIB is down 6%, trading around $0.00002813. It recently formed a bearish pattern, but crucially, the daily chart reveals a developing bullish flag—a pattern that often precedes significant upward breakouts. The Relative Strength Index (RSI) stands at 51, indicating neutral momentum. This provides ample room for CRYPTOCAP:SHIB to break the current wedge pattern and push higher, should buying pressure intensify. The coin's monthly gain of 70% suggests that the recent dip could be a temporary consolidation before another upward thrust. What’s Next for CRYPTOCAP:SHIB ? Shiba Inu's combination of strong community support, a rising burn rate, and significant whale activity lays a robust foundation for future growth. While the current dip reflects short-term market corrections, the underlying fundamentals suggest that CRYPTOCAP:SHIB could be preparing for a breakout. We predict a doubling in price if the bullish flag pattern holds and the burn rate continues to impact supply. Investors should watch key support levels around the 38.2 % Fibonacci retracement, as any sustained move above this level could signal a new bullish phase. Conclusion: Shiba Inu's recent burn rate surge is more than just a statistical anomaly—it’s a signal of strong community-driven efforts to reduce supply and enhance value. Combined with its growing ecosystem and solid technical setup, CRYPTOCAP:SHIB may soon reward patient holders. The question isn’t if Shiba Inu will rebound; it's when.
Long
by DEXWireNews
SHIBA INU more gain is comingHello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SHIBA, 📚💡 As observed, a substantial influx of trading volume has entered the market for this asset, further bolstered by strong backing from one of the largest media platforms and communities within the global cryptocurrency space, which enhances its influence and market visibility. 📚 Despite the current bullish momentum, there remains the possibility of a price pullback toward the next lower Fibonacci support level. 📚✌ However, after this potential dip, we anticipate a rebound and renewed upward movement, leading to a recovery and a subsequent price increase. 🎇💡 🧨 Our team's main opinion is A strong influx of trading volume, backed by major media support, suggests potential short-term pullbacks to lower Fibonacci levels, followed by a recovery and further price growth. 🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
12
ShibAfter the pretty decent move we had recently shib has pulled back about 50% of the move we had. We still remain well above the breakout area. This is a great sign for us. It is now consolidating again and seems to be getting tighter here. We could start to curl and head back up ultimately breaking through 3025 area and holding above will b the next bull sign we need. I am continuing to load up on this while it’s below 3k area. In the long run this will be worth the buy in my personal opinion. Let’s see if shib can pop above here shortly. I see it’s getting tighter
Long
by Erictaylor