$SHELL

/USDT – Temporary Support Forming but Trend Still Weak

SHELL is currently trading at $0.1413, up +3.44% on the day. The 15-minute chart reflects a steep intraday decline from the $0.1471 high, followed by a short consolidation near $0.1405. This suggests a possible short-term support base is forming, though overall trend remains bearish.

Key Technical Levels:

Current Price: $0.1413

Resistance Zone: $0.1440 – $0.1470

Support Zone: $0.1395 – $0.1350

Despite the slight recovery, SHELL has lost significant ground over 30 to 90 days (down over -50%), signaling cautious sentiment. Bulls must reclaim $0.1445+ to change the structure.

Pro Tip: Avoid chasing this bounce unless volume spikes above $0.1440. For now, it’s a low-volume relief move suited only for quick scalps. Prioritize risk control and confirm reversal signs before entering.

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