๐ $SHELL / USDT โ BEARISH MOMENTUM BUILDING (1H) ๐
$SHELL is showing clear weakness after failing to reclaim the 0.0470โ0.0475 resistance zone.
Price is now hovering around 0.0460, printing a lower high and slipping below the short-term pivot โ a classic sign that sellers are taking control.
๐ What the chart is telling us:
โ Rejection at key resistance
๐ Lower high formed
โ ๏ธ Bullish momentum fading
๐ป Bearish pressure increasing on 1H
๐ฏ Trade Idea: SHORT
๐ Entry Zone: 0.0458 โ 0.0468
๐ฏ Targets:
โข TP1: 0.0448
โข TP2: 0.0435
โข TP3: 0.0420
๐ Stop-Loss: Above 0.0480
๐ Bias:
Bearish as long as price stays below 0.0475.
Continuation toward 0.0448 โ 0.0435 is favored while resistance holds.
๐ Invalidation:
A strong reclaim and hold above 0.0480 flips the bias back to bullish โ shorts invalidated.
๐ง Trader mindset
Trade the structure.
Respect invalidation.
Let price confirm direction.
Stay disciplined, Binance Square fam ๐๐ฅ
#SHELL #CryptoTrading #ShortSetup #TechnicalAnalysis #BinanceSquare
