$SHELL /USDT – Bullish Reversal in Play!
Momentum Analysis:
SHELL/USDT has recently bounced off key support, holding steady at $0.2899 after testing lows of $0.2679. Despite a slight dip of 6.69%, this could set the stage for a strong bullish reversal, with a target on the horizon for higher levels.
Long Setup:
Entry Zone: $0.2890 - $0.2900
Targets:
T1: $0.3039
T2: $0.3100
T3: $0.3130
Stop Loss: $0.2670
Breakout Confirmation Level & Key Support:
Breakout Confirmation: $0.3039 (previous high)
Key Support: $0.2679 (24h low)
Pro Tip for Traders:
Watch for a successful breakout above $0.3039 for a confirmed trend reversal. If the price holds above this level, anticipate further upside potential toward $0.3100 and $0.3130.
Trading Data:
24h High: $0.3113
24h Low: $0.2679
Volume (SHELL): 67.94M
Volume (USDT): 19.62M
Order Book Depth:
Support: $0.2698
Resistance: $0.3130
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