$SHELL

/USDT Technical Analysis - Bearish Outlook

The SHELL/USDT chart on the 15-minute timeframe indicates a likely continuation of the bearish trend.

Key Observations & Analysis:

* Bearish Engulfing Pattern: The current candles show a strong bearish engulfing pattern forming, suggesting significant selling pressure.

* Failed Breakout: The asset attempted to break above the $0.1423 resistance (24h High) but failed, leading to a sharp decline.

* Current Price: $0.1394, with a 24h gain of +3.95% (though this is likely a trailing figure given the current drop).

* 24h Volatility: High, with a 24h Low of $0.1334 and 24h High of $0.1423.

Trade Recommendations:

* Entry Level (Short): Consider an entry around $0.1390 - $0.1395, confirming the bearish engulfing pattern's completion.

* Target (Take Profit): $0.1360 - $0.1340. The 24h Low of $0.1334 could act as a strong support level.

* Stop Loss: $0.1410. Placing the stop loss above the recent minor resistance ensures a controlled risk.

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