$SHELL

Current Price:

$0.1936 (Up +16.21%)

Key Observations:

  • Strong bounce from $0.1604 support (recent local bottom).

  • Currently trading above the 7 MA ($0.1749), 25 MA ($0.1907), and 99 MA ($0.1767), which suggests short-term bullish momentum.

  • Volume spike confirms increasing buying interest.

Suggested Buying Zone:

  • Buy Range: $0.1800 – $0.1860
    (Look for a small pullback near the 99 MA or former resistance zone turned support)

Take Profit (TP) Zones:

  1. TP1: $0.2050 (near last local resistance)

  2. TP2: $0.2240 – $0.2400 (next major resistance levels based on recent highs)

Stop Loss (SL):

  • SL: $0.1650 (below the previous low of $0.1604 with a buffer)

Risk-Reward Strategy:

  • Risking: ~$0.0186 per unit (from $0.1836 avg buy to $0.1650 SL)

  • Reward Potential: $0.0214 to $0.0564 per unit (TP1 to TP2)