📊 $SHELL /USDT

Market Update (07 March 2025)

💰 Current Price: $0.3059 (-7.44%)

🔼 24H High: $0.3399

🔽 24H Low: $0.3035

📊 24H Volume (SHELL): 57.72M SHELL

💵 24H Volume (USDT): $18.74M USDT

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🌟 Market Overview & Analysis

SHELL/USDT is experiencing a sharp decline, down -7.44%, reflecting strong selling pressure. The price is testing the $0.30 support zone, a critical level for potential reversal or further downside movement. A break below $0.30 could accelerate losses, while a rebound above $0.32 may indicate short-term recovery.

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🔍 Technical Analysis & Key Insights

Resistance Levels:

$0.3150 🔴

$0.3280 🔴

$0.3400 🔴

Support Levels:

$0.3000 🔵 (Critical)

$0.2850 🔵

$0.2700 🔵

Technical Indicators:

❌ SAR: Bearish 📉

⚠️ Bollinger Bands: Tightening (Lower Volatility) 🏛️

❌ MACD: Bearish Momentum ⬇️

⚠️ RSI: 32 (Near Oversold—Possible Bounce)

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🎯 Strategic Trading Zones

Spot Trading (Lower-Risk) 💎

🛒 Buy Zone: $0.29 - $0.31

🎯 Target: $0.3150 | $0.3280 | $0.3400

⛔ Stop-Loss: $0.2800

Futures Trading (Higher-Risk) ⚡

📈 Long Setup (If SHELL Holds Above $0.30):

🔹 Entry: $0.30 - $0.31

🎯 Target 1: $0.3150 | Target 2: $0.3280 | Target 3: $0.3400

⛔ Stop-Loss: $0.29

📉 Short Setup (If SHELL Drops Below $0.30):

🔹 Entry: $0.2990 - $0.2850

🎯 Target 1: $0.2800 | Target 2: $0.2700 | Target 3: $0.2500

⛔ Stop-Loss: $0.3150

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⚖️ Conclusion & Risk Management

✔️ SHELL remains in a bearish trend, but RSI near 32 suggests a possible rebound if buyers step in.

✔️ Key Level: $0.30 support—if it holds, we may see recovery; if it breaks, further decline is likely.

✔️ Risk Management: Use strict stop-losses due to high volatility.

✔️ Caution: Wait for confirmation before entering trades, as the downtrend is still dominant.

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