$SHELL /USDT Market Analysis and Short Trading Setup
Trend:
Bearish (Price below moving averages, making lower highs and lower lows)
Current Price:
0.2937
Entry Point:
Short near 0.2950 - 0.2980 (If price retraces to resistance)
Target:
0.2850 (Recent support level)
Take Profit:
0.2850
Stop Loss:
0.3010 (Above recent resistance)
Conclusion:
The overall trend for SHELL/USDT remains bearish. A short entry around 0.2950 - 0.2980 could be ideal, but risk management is crucial. If the price breaks above resistance, reconsider the trade.
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