Recently, SHIB's trend has been quite interesting. After bouncing off the support level at 0.00000723, it has now stabilized around 0.000007. During this process, the RSI surged to 56.6, and the overall trend looks somewhat strong.

Honestly, this kind of market easily evokes memories—recalling the days when SHIB was surging wave after wave, and the entire community atmosphere was extremely lively. The current rhythm seems somewhat like a replica of that time, although not exactly the same, there are definitely some similarities.

From a technical perspective, the key levels are distributed as follows: solid support below at 0.000007, and resistance above at 0.000008. Once it can effectively break through the 0.000008 barrier, the space for further movement might open up. This is a crucial watershed worth paying attention to.

If you really want to participate in this wave, risk management must be in place. The usual approach is to enter in batches near the current price, with a single position controlling about 20% of the total funds for safety. I would set the stop-loss at 0.0000068 to leave myself a backup. The initial target is 0.0000085, and once reached, decide whether to hold further based on market reactions.

To put it simply, the market for coins like SHIB swings between technical signals and emotional sentiment. No matter how good the technical indicators look, they need market recognition. When FOMO kicks in, many people tend to ignore the charts. So, after setting a trading plan, mindset and discipline in execution become even more critical.

What do you think about this position? Share your thoughts in the comments.