$SHELL /USDT – HEAVY DUMP, WILL IT FIND SUPPORT?
{spot}(SHELLUSDT)
$SHELL is trading at $0.3466, down 28.55%, after hitting a 24-hour high of $0.4852 and a low of $0.3371. The price is in a sharp downtrend, with selling pressure dominating the market.
Key Levels to Watch
Resistance: $0.3700 – A breakout could push SHELL toward $0.4000 and $0.4400.
Support: $0.3300 – Losing this level may trigger further downside toward $0.3000 and $0.2700.
Trade Setup
Long Entry: Above $0.3700, targeting $0.4000 and $0.4400.
Short Entry: Below $0.3300, aiming for $0.3000 and $0.2700.
Stop Loss: $0.3500 to manage risk.
Quick Tips
MACD is heavily bearish, showing no signs of recovery yet.
Order book shows 53.25% buy-side support, indicating some potential demand.
A move above $0.3700 could signal a rebound, while failure to hold $0.3300 may lead to another drop.
Will SHELL stabilize, or is a deeper decline ahead? Stay cautious.
#SHELL