$SHELL /USDT – Bearish Channel Breakdown Play! 🔻
Current Price: $0.1570
24H High: $0.1758
24H Low: $0.1400
Key Levels:
• Resistance: $0.1600 / $0.1650
• Support: $0.1540 / $0.1480
• Pattern: Descending channel – consistent lower highs & lower lows
Short Setup:
• Entry Zone: $0.1575 – $0.1595
• Target 1: $0.1540
• Target 2: $0.1480
• Stop Loss: Above $0.1620
Market Insight:
Price action is trapped in a clear descending channel after a strong pump. Multiple rejections at upper trendline show buyer weakness. The structure favors continued downside unless bulls reclaim $0.1620.
Pro Tip:
Short into retests of channel resistance with tight stop-losses. If $0.1540 breaks, watch for acceleration to the downside.
The shell is cracking—get positioned before it breaks apart!
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