$SHELL
$SHELL 12h Overview
- The trend is still bearish, but with price hovering near the most recent low of this swing, I’m watching for a classic liquidity sweep below 0.0221. If the price wicks below 0.0221 and quickly reverses with a strong bullish candle, I expect a bounce towards 0.0234 and possibly 0.0243.
- If you want to take a long, wait for signs like a pin bar or bullish engulfing below 0.0221 as confirmation. Example: if price drops below 0.0221, leaves a long wick, and closes back above, that’s a potential long entry. First take-profit near 0.0234, second around 0.0243. Stop-loss just below the new swing low after the sweep.
- Bias remains bearish unless there’s a convincing bullish reversal below the most recent low. If price fails to reclaim 0.0234 or 0.0243 and instead keeps closing lower, continuation downward to 0.0209 or even 0.0162 is still in play.
- For shorts, if price bounces to 0.0243 but fails to break above and forms a bearish candle, you could consider a short with targets back to 0.0224 and 0.0209. Stop-loss above the reaction high.
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#SHELL
$SHELL 12h Overview
- The trend is still bearish, but with price hovering near the most recent low of this swing, I’m watching for a classic liquidity sweep below 0.0221. If the price wicks below 0.0221 and quickly reverses with a strong bullish candle, I expect a bounce towards 0.0234 and possibly 0.0243.
- If you want to take a long, wait for signs like a pin bar or bullish engulfing below 0.0221 as confirmation. Example: if price drops below 0.0221, leaves a long wick, and closes back above, that’s a potential long entry. First take-profit near 0.0234, second around 0.0243. Stop-loss just below the new swing low after the sweep.
- Bias remains bearish unless there’s a convincing bullish reversal below the most recent low. If price fails to reclaim 0.0234 or 0.0243 and instead keeps closing lower, continuation downward to 0.0209 or even 0.0162 is still in play.
- For shorts, if price bounces to 0.0243 but fails to break above and forms a bearish candle, you could consider a short with targets back to 0.0224 and 0.0209. Stop-loss above the reaction high.
📊 Analyze any crypto, any timeframe — instantly.
Use Finora AI for free → tinyurl.com/FinoraBot
#SHELL