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Shiba Inu broke the lime uptrendline, susequently backtested it and got slammed. Price is currently sitting at important support which has to be defended by bulls, otherwise there is chance of significant decline. Lower supports as shown. Bulls must break the red downtrendline if they want to push the price higher.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.