UPS Lowe's

SHIB traders should look for a close above this level before placing bets

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Post the altcoin’s early April decline below the basis line (green) of the Bollinger Bands (BB), Shiba Inu’s [SHIB] has been heading south.

Meanwhile, the buyers have ensured support at the five-month trendline resistance (yellow, dashed).The current setup reflected the recent uptick in the buying pressure.

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