$SHELL was strongly rejected from $0.0505, but something caught my attention.
Taker buying still leads at 50.3%, while 56.2% of Binance accounts and 58.5% of OKX accounts remain short.
Buyers haven’t taken control yet, but with open interest rising, another squeeze is possible.
If the price stabilizes at 0.028 and reclaims 0.031, I wouldn’t rule out another rally.
Have shorts gotten a little too comfortable here?
Taker buying still leads at 50.3%, while 56.2% of Binance accounts and 58.5% of OKX accounts remain short.
Buyers haven’t taken control yet, but with open interest rising, another squeeze is possible.
If the price stabilizes at 0.028 and reclaims 0.031, I wouldn’t rule out another rally.
Have shorts gotten a little too comfortable here?
