$SHELL has climbed from $0.01859 to $0.03258, a reported gain of approximately 75%.
After a move of that size, the next reaction could matter more than the rally itself.
Resistance: $0.0325–$0.0340
Buyers now face a decision point.
A sustained breakout above $0.0340 could extend the recovery toward $0.038–$0.042.
But if sellers defend resistance, a pullback toward $0.028–$0.026 becomes a reasonable alternative.
Both scenarios deserve consideration. Strong momentum can persist longer than expected, but buying directly beneath resistance offers less room for error.
I'd prefer to see either a confirmed breakout or a controlled retracement before evaluating an entry.
No trade entry or stop loss has been defined.
$SHELL
#CryptoTrading
After a move of that size, the next reaction could matter more than the rally itself.
Resistance: $0.0325–$0.0340
Buyers now face a decision point.
A sustained breakout above $0.0340 could extend the recovery toward $0.038–$0.042.
But if sellers defend resistance, a pullback toward $0.028–$0.026 becomes a reasonable alternative.
Both scenarios deserve consideration. Strong momentum can persist longer than expected, but buying directly beneath resistance offers less room for error.
I'd prefer to see either a confirmed breakout or a controlled retracement before evaluating an entry.
No trade entry or stop loss has been defined.
$SHELL
#CryptoTrading
