$SHELL /USDT BEARISH STRUCTURE – FAILED REBOUND AND LOWER HIGHS FORMING!
$SHELL is down over 12% in the last 24 hours, currently trading at $0.1764. After a sharp drop from $0.2028, the price has attempted recovery but failed to establish a higher high, indicating persistent bearish pressure. The 15-minute chart reflects a choppy structure with declining momentum.
Trade Setup:
Entry (Short): $0.1768 – $0.1785
Take Profit Targets: $0.1725 / $0.1690
Stop Loss: $0.1808
Market Outlook:
The structure is leaning toward a bearish continuation as lower highs keep forming and bullish volume fades. A clean break below $0.1725 would confirm further downside. Only a breakout above $0.1810 could shift bias.
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