🚀 Will
$SHELL Reach $1? A Bullish Surge Unfolds!
$SHELL is witnessing an explosive rally, surging 65.56% and currently trading at $0.6649, after touching a 24-hour high of $0.6777. The rapid price spike reflects significant buying interest, but the question remains—is this just the beginning, or is a correction on the horizon?
📊 Key Price Levels to Watch
🔹 Resistance: $0.6777 – A breakout above this level could fuel a rally toward $0.72 and $0.75.
🔹 Support: $0.6200 – Holding above this zone is crucial to maintain bullish momentum. A breakdown may trigger a pullback toward $0.58.
📈 Trading Strategy & Setup
✅ Long Entry: If price sustains above $0.6700, potential upside targets are $0.7200 and $0.7500.
✅ Short Entry: A drop below $0.6200 could lead to a decline, with key targets at $0.5800 and $0.5400.
✅ Stop Loss: Placing stops at $0.6050 ensures controlled risk management.
📉 Market Analysis – Is the Rally Sustainable?
🔸 Parabolic SAR: Signals strong bullish momentum, though a cooldown may be approaching.
🔸 MACD: Still bullish but overextended, indicating the potential for a short-term correction.
🔸 Order Book Data: With 31.84% buy pressure vs. 68.16% sell pressure, profit-taking may start soon.
💡 Final Thoughts – Bulls or Profit-Takers?
$SHELL ’s parabolic rise has drawn major attention. If it maintains momentum above $0.6700, a push toward $1.00 in the near future is possible. However, traders should remain cautious as profit-taking could trigger temporary pullbacks. Keep an eye on key levels, trade smart, and ride the trend! 🚀🔥
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