$SHELL showing bearish consolidation — momentum looks weak.
😱Volume: The latest candle is extremely quiet (~55k) compared to the heavy sell-off candles earlier (170M+ during the big dump). Small body + low volume = indecision. Buyers clearly aren’t stepping in with conviction.
Capital flows:
Short-term derivatives are seeing sharp outflows (5m -32k, 15m -76k, 30m -166k), confirming selling pressure. Longer-term there are some inflows (24h +243k, 3d +208k), which hints at bargain accumulation — but spot flows are red across every timeframe (1h -152k, 24h -53k). Without spot demand, upside looks limited.
⏩Outlook: Cautiously Bearish
I’m watching for short setups only on confirmation:
😎Entries
Breakdown + close below 0.04241 support
Or rejection from 0.04743 resistance (wick / weak-volume fakeout preferred)
Stop-Loss
0.04400 for breakdown plays — near recent swing structure
Targets
🎯 0.03981 (primary support)
🎯 0.03739 (next key level)
Current price 0.04815 (+7.31%), but conditions remain choppy — patience wins here.
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