🌩️$SHELL /USDT – May 02, 2025

🔧Category: AI

💰Price & Info:

Current Price: $0.2041 (▼-8.60%)

24H High: $0.2296 | 24H Low: $0.2026

24H Volume: 24.27M SHELL | $5.17M USDT

📈SHELL Price Analysis & Key Levels

🔹Resistance Levels: $0.2180, $0.2296

🔹Support Levels: $0.1980, $0.1865

📊Market Insights:

Fibonacci Retracement (High $0.2296 → Low $0.2026):

38.2%: $0.2128 | 50%: $0.2161 | 61.8%: $0.2194

ATR (14): ~$0.011 → Swing Range: $0.193 – $0.215

🚀Bullish Scenario:

✅ Reclaim above $0.2161 opens path toward $0.2296

✅ Strong bounce from $0.1980 support can trigger short-covering

🔻Bearish Scenario:

❌ Breakdown below $0.1980 could send price toward $0.1865

❌ Failure to hold VWAP trend zone confirms continuation selloff

🎯Trading Strategy – Bias: Bearish

Spot Trading:

Buy Zone: $0.1980 – $0.2040

Targets: $0.216 / $0.229

Stop-Loss: $0.1865

Futures Trading:

📈 Long Entry: $0.199 | 🎯 TP: $0.216 / $0.229 | ⛔ SL: $0.186

📉 Short Entry: $0.216 | 🎯 TP: $0.198 / $0.186 | ⛔ SL: $0.229

⚠️Risk Management & Alerts:

Downtrend with increasing volatility

RSI near oversold zone – bounce likely but not guaranteed

💡Unique Insight – VWAP:

VWAP sits around $0.2137, price trading below it = bearish zone unless reclaimed.

📌Summary:

SHELL is facing strong rejection from Fibonacci resistance and sliding under VWAP. Eyes on $0.1980 key support zone. Caution advised for leverage traders.

❓Can bulls rescue SHELL from its fall, or will it dive under major support zones?

💡Tip: Click the tip icon if this helped your setup or strategy—it keeps detailed insights coming your way!

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