Close in profit $shell. Slightly less than TP1

$SHELL Trade and Analysis

**Analysis and Trading Plan for SHELL/USDT (2025)**

### **Key Observations:**
1. **Price Action**:
- Current Price: ~$0.2134–0.2137 (near 24h low of **0.2096**).
- 24h High: **0.2372–0.2375** (key resistance).
- Downtrend confirmed by EMAs (7/25 < 99 in most charts).

2. **Indicators**:
- **RSI**: Oversold on some charts (RSI(6) = **28.28**), neutral on others (RSI(6) = **41**). Divergence noted in IMG_0799 (rising RSI vs. falling price).
- **MACD**: Bearish (negative DIF/DEA) but histogram shows weak bullish momentum in later charts.
- **Bollinger Bands**: Price near lower band (**DN: 0.2126**), signaling potential oversold conditions.
- **Volume**: Declining recent volume vs. MA(5/10), suggesting reduced selling pressure.

3. **Critical Levels**:
- Support: **0.2096** (24h low), **0.2050** (psychological level).
- Resistance: **0.2243–0.2307** (recent swing highs), **0.2372** (24h high).

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### **Trading Strategy**:
**Entry Range**: **0.2100–0.2137** (near support, targeting a reversal or bounce).
**Stop Loss**: **0.2049** (below 24h low to avoid false breakdowns).

**Leverage**: **3x–5x** (moderate due to volatility and risk of further downtrend).

**Take Profit Targets**:
1. **TP1**: **0.2240** (near EMA 7/25 and recent swing high).
2. **TP2**: **0.2300–0.2307** (upper EMAs and 24h mid-high).
3. **TP3**: **0.2372** (24h high, full trend reversal target).

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### **Execution Notes**:
- Confirm bullish reversal signals (e.g., RSI > 50, MACD crossover, price closing above EMA 7).
- Partial profits at TP1 (50%) and TP2 (30%), trailing stop for TP3.
- Monitor volume spikes and news around 2025-05-24 (potential volatility from time-stamped events).

**Risk-Reward Ratio**: ~1:3 (SL 0.2049 vs. TP1 0.2240).