$SHELL printed a textbook 1H shooting star rejection after surging +77% to $0.0516.
The ensuing retracement tested key horizontal support near $0.0316, where buyers stepped in with long lower wicks. Price is now coiling right around the 9 EMA ($0.0345).
• Resistance: $0.0415 / $0.0516
• Support: $0.0316 / $0.0298 (21 EMA)
If bulls hold $0.0316, a retest of $0.040+ remains on the table.
Are you buying this dip or waiting for consolidation?
#CryptoTrading #TechnicalAnalysis #BinanceSquare
The ensuing retracement tested key horizontal support near $0.0316, where buyers stepped in with long lower wicks. Price is now coiling right around the 9 EMA ($0.0345).
• Resistance: $0.0415 / $0.0516
• Support: $0.0316 / $0.0298 (21 EMA)
If bulls hold $0.0316, a retest of $0.040+ remains on the table.
Are you buying this dip or waiting for consolidation?
#CryptoTrading #TechnicalAnalysis #BinanceSquare
