$SHELL — 0.0220 emerges as a new short-term supply zone
$SHELL made a relatively quick move from the 0.020x area toward 0.0220, but the reaction near the high suggests that the market has not yet absorbed all available selling pressure.
📊 Today:
High: 0.0220
Current: 0.0205
The distance from today’s high to the current price is about 6.8%.
On the 4H chart, price closed one candle at 0.0215 after touching 0.0220, but the following candle quickly dropped back toward 0.0205.
This makes 0.0215–0.0220 an important area to monitor if price attempts another recovery.
A successful retest would look very different from another rejection from the same zone.
#SHELL #Resistance #PriceAction #Binance
$SHELL made a relatively quick move from the 0.020x area toward 0.0220, but the reaction near the high suggests that the market has not yet absorbed all available selling pressure.
📊 Today:
High: 0.0220
Current: 0.0205
The distance from today’s high to the current price is about 6.8%.
On the 4H chart, price closed one candle at 0.0215 after touching 0.0220, but the following candle quickly dropped back toward 0.0205.
This makes 0.0215–0.0220 an important area to monitor if price attempts another recovery.
A successful retest would look very different from another rejection from the same zone.
#SHELL #Resistance #PriceAction #Binance