$SHELL USDT BEARISH PRESSURE BUILDING – WILL IT BREAK LOWER? ⚠️📉
SHELL/USDT has faced a -7.25% decline, currently trading at $0.4730 after hitting a 24-hour low of $0.4560. The price structure suggests selling pressure, with lower highs forming, indicating potential further downside if support breaks. Bulls need to reclaim key levels to regain strength!
📊 Key Levels:
🔹 Resistance: $0.4850 – $0.5000 (Major Supply Zone)
🔹 Support: $0.4600 – $0.4550 (Critical Breakdown Level)
📉 Trade Setup – Short Entry:
🎯 Entry: $0.4720 - $0.4750
🎯 Take Profit: $0.4600 / $0.4550
🛑 Stop Loss: $0.4820
📢 Market Outlook:
SHELL is showing weakness, with lower highs and strong rejections at resistance. If the price fails to hold $0.4600, we could see a deeper drop toward $0.4500 or lower. Bulls need a breakout above $0.4850 for recovery.
⚠️ Risk Management:
Always manage risk with a proper stop loss. Avoid over-leveraging and wait for confirmations before entering trades!
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