📈 $SHELL /USDT – Bullish Momentum Confirmed 🚀
Current Price: $0.4849 (+2.62%)
The $SHELL
token is showing strong bullish signals after a recent correction. The market structure indicates that we could be on the brink of a significant rally. Let’s dive into the key levels and potential trade setups.
Key Support and Resistance Levels:
Support Zone: $0.4695 - $0.4750
Resistance Zones: $0.5000 (Psychological Resistance) / $0.5200 (Next Major Resistance)
Potential Price Targets:
TP1: $0.5000 (Psychological Resistance)
TP2: $0.5200 (Next Major Resistance Zone)
TP3: $0.5400+ (Breakout Zone, should momentum continue)
Stop Loss: $0.4650 (Below recent low and support level)
Market Insights:
$S$SHELL currently experiencing positive price action after a brief pullback, signaling that the market may have found support and could be ready to reverse. Strong 24-hour trading volume of 122.85 million demonstrates growing interest, suggesting that the momentum is likely to continue. If SHELL through the $0.5000 resistance, the rally could quickly extend toward $0.5200 and higher.
Pro Tip for Entry:
If you see a minor pullback toward the $0.4800 - $0.4850 range, it could be an excellent opportunity to re-enter the market for the next leg up.
Risk Management:
As the price targets are hit, it’s crucial to secure partial profits along the way and consider trailing your stop-loss to lock in gains while protecting against potential reversals.
Stay informed, trade smart, and manage risks wisely!
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