$SHELL /USDT Testing Resistance — Breakout Imminent or Fakeout Setup?🤔🔐
Market Outlook 🧑💻
$SHELL has been forming a tight consolidation below key resistance at $0.257–$0.270. After a confirmed CHoCH and BOS on the 1H chart, the price is now compressing just below the supply zone, signaling a potential breakout.
The 1D chart shows bullish structure continuation with a series of higher lows and strong follow-through momentum, but price has paused under recent highs.
Formed Candle & Trend Signals:📊📉
1H Chart: CHoCH followed by bullish recovery; price hovering near resistance
1D Chart: Multiple bullish candles showing trend continuation
Stochastic RSI (1H & 1D): Climbing from mid-range (39–60), signaling upside pressure still intact
Trade Strategy (Buy Bias):👨🏫
Entry Option 1: Breakout buy above $0.270 with candle close confirmation✅
Entry Option 2: Dip buy at $0.243–$0.232 zone (previous support retest)✅
Target 1: $0.288🎯
Target 2: $0.325🎯
Stop Loss: Below $0.231☣️
Risk-Reward Potential: Up to 1:2.5 on confirmed breakout
Market Insight:🧑🏫
$SHELL is compressing under resistance — a typical pre-breakout behavior. If buyers hold support and volume spikes, this can lead to a fast move toward upper resistance. Avoid early entries unless structure confirms.
Disclaimer:⚠️
This post is for educational purposes only. Trading involves risk. Always manage your capital wisely and do your own research.