$SHELL : Catching Fire – A New Momentum Play! 🚀
The SHELL token is showing strong signs of upward momentum, currently trading at $0.1705, up +6.91% on the day.
Market Snapshot:
Solid Rebound: SHELL has staged a robust recovery from its recent low of $0.1581.
Approaching Resistance: It's now testing the local high at $0.1772.
Bullish Structure: The formation of higher lows suggests a sustained bullish trend.
Key Levels to Monitor:
Resistance: Keep an eye on the $0.1770 level. A decisive break above this could open the doors for further upside.
Support: The immediate support lies at $0.1650. This level needs to hold to maintain the current bullish control.
Trading Range: The current price action is largely contained within the $0.1581 – $0.1772 range.
Potential Trade Outlook:
Here's a possible plan to consider:
Entry Zone: Between $0.1680 and $0.1700
Take Profit 1 (TP1): $0.1755
Take Profit 2 (TP2):$0.1800
Stop Loss (SL): $0.1625
What to Watch For:
A significant breakout above $0.1735, accompanied by a strong green candle and increasing volume, could signal the next leg of this rally.
BUY AND TRADE HERE $SHELL
