$SHELL /USDT is currently trading around 0.0490, up approximately +8.9% in the last 24 hours. After a strong bounce from the 0.0475–0.0478 support zone, price pushed toward 0.0535, then cooled off into a tight consolidation range. This behavior suggests profit-taking without structural damage, often a pause before the next directional move.

On the 1H timeframe, price action remains constructive. The market is forming a base above former support, volatility has compressed, and sellers have failed to push price back below the recent breakout area. This indicates absorption and potential energy build-up rather than trend exhaustion.

Trade Setup

• Entry Zone: 0.0486 – 0.0493

• Target 1: 0.0510

• Target 2: 0.0535

• Target 3: 0.0565

• Stop Loss: 0.0470

As long as SHELL holds above 0.0480, bullish bias remains intact. A clean break and hold above 0.0535 with increased volume would confirm continuation and could open the door for a stronger expansion move. This setup favors patience and confirmation over chasing volatility.

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SHELL

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