$SHELL /USDT ATTEMPTS A MINOR REBOUND — BUT BEARS STILL DOMINATE
SHELL has slipped over 6% in the last 24 hours, falling from 0.1807 to touch a low of 0.1526 before staging a slight bounce to 0.1580. Price is hovering near the 0.1581 average level, showing that buyers are trying to reclaim lost ground. However, the broader trend still favors sellers unless a strong breakout above 0.1668 occurs.
Trade Setup:
Entry (Long): 0.1575 – 0.1585
Target 1: 0.1625
Target 2: 0.1668
Stop Loss: 0.1550
Market Outlook:
While short-term momentum hints at a recovery from the lows, the overall market structure remains bearish. Sustained buying above the average price could fuel a stronger push, but rejection near resistance may see bears regain control quickly.
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