SHIB sitting on the fib retracement. Possible bounce

SHIB has tested support at the fib retracement line. It’s currently riding that line. Either a bounce from here to the next fib extension or down to next fib retracement. Momentum has been negative as kind as ROC on the daily signaling a downward trend overall but it starting to point upwards signaling a momentum change. BTC needs to stay strong 56k support for this support to hold true. If BTC drops to 53k or in that area I’d expect SHIB to fall as well and possibly retrace to the next lower level. I opened longs at this support and will be watching BTC in case I need to close the position and reopen at lower support.