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SHIB 15min channel breakout

FTX:SHIBUSD   Shiba Inu
SHIBUSD



Some thoughts on SHIB respecting this channel:

At the ghost projection first break, and very first push through the channel middle band falls exactly at the .0001 level (+/- within small time frame) which is also an enormous psych barrier. Projection shows retest of that twice before confirming support which would initiate rally through the channel. My guess is that we would return to top of channel to test, most likely breaking through to middle band where we would hopefully consolidate to support once again, but not below .0001. Retesting or falling back to the .0001 levels would really mean some harsh red candles which given the investors and hype around SHIB can mean panic selling and extreme FUD.
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