$SHELL old top 0.0225 hours becomes resistance after being tested and failing
The 0.0225 local top zone was previously broken through when price pumped recently with $SHELL , but after the price was dumped strongly, this zone is now returning to act as resistance.
📊 Developments around the 0.0225 zone:
🟢 Old local top: 0.0225 — was surpassed when price rose to 0.0235
🔴 Current price: 0.0207 — has fallen back below this zone
📉 Current distance to 0.0225: about 8.7%
When a price zone that used to be resistance gets broken, but then price fails to hold and drops sharply back below that zone, this is technically called a “false breakout.” The 0.0225 zone is now very likely to act as resistance again if price attempts to rebound back into this area in the near future.
This is a common pattern after price pump phases that lack staying power, when initial buying force pushes price above the old resistance but isn’t strong enough to maintain it—causing that zone to revert to blocking further upside instead of turning into support.
#SHELL #PhanTichKyThuat #Binance
The 0.0225 local top zone was previously broken through when price pumped recently with $SHELL , but after the price was dumped strongly, this zone is now returning to act as resistance.
📊 Developments around the 0.0225 zone:
🟢 Old local top: 0.0225 — was surpassed when price rose to 0.0235
🔴 Current price: 0.0207 — has fallen back below this zone
📉 Current distance to 0.0225: about 8.7%
When a price zone that used to be resistance gets broken, but then price fails to hold and drops sharply back below that zone, this is technically called a “false breakout.” The 0.0225 zone is now very likely to act as resistance again if price attempts to rebound back into this area in the near future.
This is a common pattern after price pump phases that lack staying power, when initial buying force pushes price above the old resistance but isn’t strong enough to maintain it—causing that zone to revert to blocking further upside instead of turning into support.
#SHELL #PhanTichKyThuat #Binance