š“ Short Trade ā $SHELL/USDT š“
Bearish Rejection from High
$SHELL is trading at 0.1712 after rallying from 0.1511 to 0.1792, where it faced strong rejection. Consecutive red candles now signal heavy selling pressure and potential downside movement.
Entry Zone
Sell between 0.1715 ā 0.1725 after a minor pullback
Stop Loss
Above 0.1755
Targets
šÆ TP1: 0.1680
šÆ TP2: 0.1645
šÆ TP3: 0.1600
Market Insight
Failure to hold above 0.1790 has triggered short-term profit-taking and a quick reversal. Price action suggests a likely retracement before any renewed bullish attempt. A pullback entry with controlled risk provides a favorable short opportunity in the near term.