$SHELL This surge is pretty interesting: the moving averages are still clearly in a bearish alignment, yet the price has already shot up 21%. It’s trading above the middle Bollinger Band; the upper band around 0.0326 may offer resistance. RSI is around 59, which is still healthy and not overbought.
But OBV shows outflows, and this divergence is something to watch out for. The 0.0298–0.0312 range is support where the Fibonacci retracement converges with EMA7. If the price holds above this area, the bullish structure may continue; if it falls below 0.0265, the current thesis is invalidated.
These market manipulators love creating fake breakouts, so be cautious about chasing the price.
For market observation and conditional scenario analysis only; this is not a record of trading activity.
$SHELL #现货 #行情分析 #Bull market
But OBV shows outflows, and this divergence is something to watch out for. The 0.0298–0.0312 range is support where the Fibonacci retracement converges with EMA7. If the price holds above this area, the bullish structure may continue; if it falls below 0.0265, the current thesis is invalidated.
These market manipulators love creating fake breakouts, so be cautious about chasing the price.
For market observation and conditional scenario analysis only; this is not a record of trading activity.
$SHELL #现货 #行情分析 #Bull market
