$SHELL has caught my attention.
The interesting part isn't just the rally. It's what happens after it.
Futures activity has expanded sharply, suggesting traders are taking new positions. But rising open interest alone doesn't confirm a bullish trend.
Here's what I want to see next:
Buyers need to defend the current consolidation and bring stronger spot volume.
If that happens, another momentum move becomes interesting.
If the price loses its consolidation base, profit-taking could take over quickly.
I'm watching the structure, not chasing the green candles.
#SHELL #MyShell #CryptoMomentum #AltcoinTrading #BinanceSquare
The interesting part isn't just the rally. It's what happens after it.
Futures activity has expanded sharply, suggesting traders are taking new positions. But rising open interest alone doesn't confirm a bullish trend.
Here's what I want to see next:
Buyers need to defend the current consolidation and bring stronger spot volume.
If that happens, another momentum move becomes interesting.
If the price loses its consolidation base, profit-taking could take over quickly.
I'm watching the structure, not chasing the green candles.
#SHELL #MyShell #CryptoMomentum #AltcoinTrading #BinanceSquare
