$SHELL - 4H structure shifts from overheated momentum into a fast correction
The 4H chart shows a clear change within a short period.
$SHELL reached 0.0259 before several 4H candles began losing the higher price area.
One 4H candle after the peak closed around 0.0247.
The next dropped to 0.0234 with a low at 0.0228.
This morning, price is trading around 0.0234 and has not yet created a new low below 0.0228.
This suggests that the previous overheated momentum has cooled significantly, while the short-term structure still needs time to stabilize after the strong rejection at 0.0259.
#SHELL #4H #PriceAction #Binance
The 4H chart shows a clear change within a short period.
$SHELL reached 0.0259 before several 4H candles began losing the higher price area.
One 4H candle after the peak closed around 0.0247.
The next dropped to 0.0234 with a low at 0.0228.
This morning, price is trading around 0.0234 and has not yet created a new low below 0.0228.
This suggests that the previous overheated momentum has cooled significantly, while the short-term structure still needs time to stabilize after the strong rejection at 0.0259.
#SHELL #4H #PriceAction #Binance