$SHELL — Strong 4H reversal after testing 0.0220
The $SHELL 4H chart is showing a notable development.
Previous 4H candle:
Open: 0.0213
High: 0.0220
Low: 0.0212
Close: 0.0215
Current candle:
Open: 0.0215
High: 0.0216
Low: 0.0205
Price: 0.0205
After a bullish candle reached 0.0220, the following candle has already given back most of that move and is currently trading near its low.
This suggests noticeable supply around the 0.0215–0.0220 area.
However, the current 4H candle is still open. Where it eventually closes relative to 0.0204–0.0205 matters more than an intrabar decline alone.
#SHELL #4H #PriceAction #Binance
The $SHELL 4H chart is showing a notable development.
Previous 4H candle:
Open: 0.0213
High: 0.0220
Low: 0.0212
Close: 0.0215
Current candle:
Open: 0.0215
High: 0.0216
Low: 0.0205
Price: 0.0205
After a bullish candle reached 0.0220, the following candle has already given back most of that move and is currently trading near its low.
This suggests noticeable supply around the 0.0215–0.0220 area.
However, the current 4H candle is still open. Where it eventually closes relative to 0.0204–0.0205 matters more than an intrabar decline alone.
#SHELL #4H #PriceAction #Binance