$SHELL / USDT – Bullish Momentum Building, Testing Key Resistance
$SHELL is currently trading at $0.2658, showing a strong upward trend and approaching the 24-hour high of $0.2800. The price action suggests increasing buying pressure and a potential breakout attempt.
Trade Setup (Watching for Breakout):
Potential Support Zone: $0.2600 - $0.2630
Key Resistance: $0.2780 - $0.2800
Bullish Scenario:
Entry (Long): Break above $0.2800 with significant volume
Target 1: $0.2850
Target 2: $0.2900+
Stop Loss (Long): Below $0.2580
Bearish Scenario:
Entry (Short): Rejection at $0.2800 with increasing selling volume, break below $0.2600
Target 1: $0.2550
Target 2: $0.2500
Stop Loss (Short): Above $0.2820
SHELL/USDT is showing promising bullish momentum. Keep a close eye on the $0.2780 - $0.2800 resistance zone. A strong break above this level could lead to further upside. Conversely, a rejection at this point could lead to a pullback. Monitor volume for confirmation of either scenario.
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