$SHELL 24.8x Volume Surge: Buyers Step In, Can the Breakout Extend?
My bias is bullish on the 1h. Price has formed a higher low around 0.0230 and continues to hold above it, while daily structure and BTC remain bullish. The weekly backdrop is still bearish, so I’m treating this as a continuation setup and waiting for confirmation rather than chasing the first spike.
The 24.8x volume burst with a sharp +2.8% move shows aggressive activity around the 0.0264–0.0258 area. OI has increased to $1.9M, up 20.8% over 24h, while funding remains positive at +0.0050%. However, 1h taker flow is still sell-side at 0.61x, so I want to see buyers take control before entering.
Key levels:
Entry zone: 0.0251–0.0237
First target: 0.0264
Second target: 0.0280
Key invalidation: 1h close below 0.0230
For confirmation, I’m looking for a 15m/5m market structure shift, a bullish engulfing or strong pin reclaiming 0.0251, and cooling relative volume after the initial spike.
If 0.0264 is reclaimed and accepted, 0.0280 becomes the next liquidity target. Until then, patience over chasing.
Not investment advice. Educational report only.
#SHELL #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis $SHELL
My bias is bullish on the 1h. Price has formed a higher low around 0.0230 and continues to hold above it, while daily structure and BTC remain bullish. The weekly backdrop is still bearish, so I’m treating this as a continuation setup and waiting for confirmation rather than chasing the first spike.
The 24.8x volume burst with a sharp +2.8% move shows aggressive activity around the 0.0264–0.0258 area. OI has increased to $1.9M, up 20.8% over 24h, while funding remains positive at +0.0050%. However, 1h taker flow is still sell-side at 0.61x, so I want to see buyers take control before entering.
Key levels:
Entry zone: 0.0251–0.0237
First target: 0.0264
Second target: 0.0280
Key invalidation: 1h close below 0.0230
For confirmation, I’m looking for a 15m/5m market structure shift, a bullish engulfing or strong pin reclaiming 0.0251, and cooling relative volume after the initial spike.
If 0.0264 is reclaimed and accepted, 0.0280 becomes the next liquidity target. Until then, patience over chasing.
Not investment advice. Educational report only.
#SHELL #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis $SHELL