šØ $SHELL /USDT Breakout Alert ā Setup Forming
Current Price: $0.0437
24H Change: +7.4%
Volume Spike: +195% (vs. 7D average)
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Why This Trade?
Consolidation breakout forming after a period of low volatility.
Price is above 50 EMA, testing horizontal resistance at $0.044.
Bullish divergence on 4H RSI.
Break of structure from lower highs suggests potential trend reversal.
High volume candle breaking consolidation range is a classic breakout signal.
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Trade Setup
Entry Zone:
$0.0435 ā $0.0450
Stop Loss:
$0.0402 (below recent swing low and support zone)
Targets:
Target 1: $0.0500 (psychological round number)
Target 2: $0.0565 (measured move from range breakout)
Target 3: $0.0640 (multi-week resistance zone)
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Sentiment:
š” Moderately Bullish (65%)
Social chatter increasing slowly
Funding rates still neutral ā room for upside
Breakout backed by volume but needs follow-through confirmation
Caution: Thin order books could cause volatility
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