Shiba inu coin SHIB/USDT broken uptrend, spot on Fib rejection

I've been "irresponsibly" ( as Roaul Pal says) bullish on Shiba as it has had a very bullish setup and triangle formation, but unfortunately it has broken the support which also is spot on with Fib line(as seen on the chart) and we are heading now down to the next support around 0.000024-23 if that one is broken as well, then the next one is as per the chart or if it will bounce from there then the current level ~ 0.000036-37will become a huge resistance. This is kinda Doge scenario where everyone expected it to go back up but we know how it has ended. The problem with Shiba is its ecosystem's "investors". They are the most typical "panic sellers" mostly with short term gamble gains and as soon as they see few red candles in a row they click sell :) After all, Shiba is just a meme coin and it did just that- as all memes do - trending while it lasts and then everyone forgets about it...Also lets not forget that Bitcoin is in the crossroads as well which is another massive factor in Shiba's (and all other coins generally) price action.

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Closing here