$SHIB Trading Analysis:-

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- SHIB identified as strong by metrics, but market seen as bearish.

- Previous consolidation, advised waiting for breakout, but crash led to bearish breakout.

- Some overnight recovery from Bitcoin, but current momentum neutral.

- Expect SHIB to follow downtrend, testing support levels at 2400-2500 and 1800-1750.

- High correlation with Bitcoin at 96%.

- If Bitcoin breaks 65,000, SHIB could rally to at least 2750 from main resistance at 2450.

- Prepare for continued bearish pressure, watch 2400-2500 level for breakout.

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#Memecoins #SHIB #Trading $BTC