Shiba inu.I want to use scalping strategy.give me prediction for the next 15 min.strong buy,buy,neutral,sell or strong sell


Aime
Shiba Inu (SHIB) Scalping Strategy Prediction: Neutral
- Recent Performance: SHIB has experienced a notable price increase, with a 30% gain over the past month, indicating a recent surge in buying pressure1. This bullish momentum could suggest a strong buying pressure in the short term.
- Market Sentiment: The Shiba Inu Fear and Greed Index is not available, but the overall sentiment among crypto enthusiasts is bullish, with a significant surge in meme coin discussions2. This sentiment could translate into continued price appreciation.
- Technical Indicators: The price chart shows a formation of an inverted head and shoulder pattern, which signals a major trend reversal and provides a target of the same length between the neckline and the bottom peak3. This pattern could suggest a bullish reversal, but it is not a definitive indicator of a strong buy.
- Price Patterns: SHIB is currently trading close to the $0.00002 resistance level, which is a critical level for the next potential breakout4. The price has been stabilizing around this threshold, indicating a potential for a breakout, but not a strong buy yet.
- Volume and Liquidity: The trading volume has decreased significantly, with less than one trillion SHIB worth of whale transactions made in the past 24 hours5. This decrease in volume could indicate a decline in interest from major investors, which could put downward pressure on the price.
- Resistance Levels: The resistance level at $0.00002 is significant, and breaking through this level could lead to further gains. However, the price has not yet shown a strong enough momentum to warrant a strong buy.
In conclusion, while there are signs of a potential bullish trend, the current indicators do not suggest an immediate strong buy. The neutral prediction is based on the belief that the price is stabilizing around a resistance level and has not yet shown the strong momentum required for a strong buy. Scalpers should monitor the price movement closely and be prepared to adjust their strategy based on the actual price action in the next 15 minutes.
Source:
c
1.
Shiba Inu Outpaces Rivals: SHIB Surges Over 30% In a Month
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