Currency: SHELL/USDT#

Current Price: $0.3367

Daily Change: -7.47% (Down)

Simplified Analysis:

Highest Price in 24 Hours: $0.3775

Lowest Price in 24 Hours: $0.3246

Volume: 50.69 million SHELL (Good Activity)

Indicators:

Relative Strength Index (Stoch RSI): 100 = in the Overbought Zone (indicates people have bought a lot and a downward correction may happen soon).

Wm %R: close to -2.4 = indicates that the price is near the peak (Overbought Zone).

Should I buy now?

The currency has made a strong rise in the short term.

In the Overbought Zone = it's better to wait for a corrective drop.

When to buy?

If the price returns to around 0.32$ - 0.33$ (Support Zone).

Or after any drop with a strong reversal candle appearing with high trading volume.

Summary:

Buying now is risky because of the strong rise.

If you want to enter, wait for a slight drop at support or confirmation of a reversal.

It's important to set a stop-loss if you buy to protect yourself.