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$1000SHIB has recently caused some movement. The trading volume surged by 101.9% within 30 minutes. Such a sudden increase in activity is usually not without reason — it often indicates that the market is about to make a big move.
Currently, the price is stuck at 0.008714 USDT. From a technical perspective, the 0.008466 level is very important. Looking at the 1-hour chart, this support level is only 2.75% away from the current price. In other words, once the price falls back to this area, it is likely to face buying resistance. Additionally, the range from 0.008603 to 0.008706 is also worth noting — buy orders are relatively concentrated here, providing some support.
From this perspective, the opportunity to go long may be right in front of you. As long as the price approaches the support level and rebounds, there is potential for an upward move.
How exactly to operate? It is recommended to place a long order near the key support at 0.008466. Why choose this level? Because it is identified as a strong support by technical analysis, and the probability of a reversal here is relatively high. For take profit, target 0.008835. This level is a clear resistance, with heavier selling pressure, making it difficult for the market to push higher.
Of course, to be honest — although a surge in volume often signals that the market is about to start, there are many uncertainties in the market. Various factors can influence the trend. So, as always: control your position size, set stop-losses, keep an eye on market changes, and don’t be scared by sudden reversals.