Analysis of SHELL Price Chart

1. Overall Trend

The price is in a strong downward trend, with a decrease of -9.64% in the past 24 hours.

The lowest price in the last 24 hours was 0.1795, close to the current price of 0.1865, indicating that selling pressure is still high.

The EMA(7) indicator is at 0.2228, and the EMA(25) is at 0.2826, showing that the downward trend still prevails as the price is below both EMA lines.

2. Trading Volume & OBV

The 24-hour trading volume (Vol) is 27.821M, but the downward trend continues, reflecting weak buying power.

The OBV (On-Balance Volume) indicator has a large negative value (-609M), indicating that more money is flowing out than coming in.

3. Trading Strategy

Short Order (Priority - following the main trend)

Entry Point: If the price rebounds to the range of 0.20 - 0.21, this could be a reasonable opportunity to enter a Short position.

Stop Loss: If the price surpasses 0.2228 (EMA(7) line), one may exit the position to avoid risk.

Take Profit: The target is to reach the areas of 0.1795 (the nearest low) or further down to 0.15 if the downward trend continues strongly.

Long Order (High risk - only consider if there are signs of reversal)

Entry Point: If the price forms a reversal pattern (a strong green candle accompanied by high volume), one could enter Long when the price surpasses 0.20.

Stop Loss: If the price drops below 0.1795, exit the position immediately.

Take Profit: If the price rebounds to 0.22 - 0.25, consider exiting the position.

Conclusion

Currently, the downward trend still prevails, therefore the Short order will have a higher probability of winning. If the price rebounds to the resistance area, one may consider Shorting according to the main trend. The Long order should only be considered if strong reversal signs appear.