Shiba Inu Price Breaks Out—Trader Reveals Potential Big Profit Setup

The Shiba Inu price is capturing keen market attention Monday as it inches higher, a movement one crypto trader is aggressively interpreting as a full-blown “waking up,” simultaneously unveiling what they describe as a “potential big profit setup.” 

According to CoinMarketCap data around 4:01 a.m. Eastern Time, SHIB was trading at $0.00001281. This price reflected an increase of 0.23% over the preceding 24 hours, a marginal gain in the volatile crypto markets. 

The token’s market capitalization stood at approximately $7.55 billion, with a 24-hour trading volume of $135.89 million. Against this backdrop of slight gains, crypto trader Amir Rajpoot BnB issued a notably bullish “SHIB/USDT Trade Alert!” to his followers, a common practice among crypto traders aiming to highlight perceived short-term opportunities.

Trader Details Ambitious Targets for Shiba Inu Price

In his alert, Rajpoot declared, “📈 Reversal signs are flashing GREEN! ✅” He cited a “💰 Current Price: 0.00001273” at the time of his analysis and pointed to a “📉 Recent Dip: 0.00001225 (Possible bottom!).”

Rajpoot then laid out a specific “🚀 Trade Setup,” advising a “🟢 Buy Zone: 0.00001260 – 0.00001275.” His “🎯 Take Profit Targets” for the Shiba Inu price were listed as: “• TP1: 0.00001321 💵 • TP2: 0.00001374 🤑 • TP3: 0.00001428 💸💸.” To manage risk, he suggested a “🛑 Stop Loss: Below 0.00001225 (Play it safe!) 🛡.”

The rationale underpinning this optimistic call, as stated by Rajpoot, included a “✅ Strong bounce from support,” observations of a “✅ Bullish structure forming 📊,” and what he termed “✅ Solid risk/reward potential 💼.”

Market Indicators Offer Sober Context for Shiba Inu

While such specific trade setups and bullish pronouncements generate excitement within certain trading communities, objective chart analysis shows the Shiba Inu price continuing to navigate below some key longer-term moving averages. The recent 24-hour trading volume, while substantial, does not immediately indicate the sort of surge typically associated with a confirmed, major breakout as suggested by the headline.

The current market situation presents a contrast: a slight actual price increase for SHIB alongside a trader’s strong conviction of a significant upward move and profit opportunity. Whether Shiba Inu follows this more aggressive bullish path or continues its pattern of modest fluctuations and consolidation will likely depend on broader market sentiment and a sustained increase in buying pressure.

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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.