$SHELL : After a Massive 79% Rally, Can Bulls Regain Control?
$SHELL is trading around $0.03488 after surging to $0.05163 before entering a clear short-term pullback. I’m watching the $0.0320–$0.0350 zone to see whether buyers can establish support or sellers continue pushing price lower.
On the 15-minute chart, momentum has cooled significantly from the peak. The key resistance levels are $0.0390 and $0.0460, while $0.0320 is the first important support area. A sustained move above $0.0390 would be an early sign of recovery, but losing $0.0320 could expose the price to further downside.
Volume is standing out, with $27.32M in 24-hour USDT trading volume and 785.62M SHELL traded. That signals substantial market activity, but high volume alone doesn’t confirm whether accumulation or distribution is taking place.
My Trading Plan
I’m not chasing the pump. I’d prefer to see price stabilize around $0.0320–$0.0350 before considering a spot entry, using DCA only if support holds. A reclaim of $0.0390 with strong buying volume would give me more confidence to add.
If $0.0320 breaks decisively, I’ll reassess rather than blindly average down. The previous high at $0.05163 shows how quickly momentum expanded, but another rally needs fresh confirmation.
The next move matters: Will buyers defend the pullback and rebuild momentum, or was the initial surge followed by a deeper correction? I’m watching support, volume, and the $0.0390 reclaim before making my move.
$SHELL is trading around $0.03488 after surging to $0.05163 before entering a clear short-term pullback. I’m watching the $0.0320–$0.0350 zone to see whether buyers can establish support or sellers continue pushing price lower.
On the 15-minute chart, momentum has cooled significantly from the peak. The key resistance levels are $0.0390 and $0.0460, while $0.0320 is the first important support area. A sustained move above $0.0390 would be an early sign of recovery, but losing $0.0320 could expose the price to further downside.
Volume is standing out, with $27.32M in 24-hour USDT trading volume and 785.62M SHELL traded. That signals substantial market activity, but high volume alone doesn’t confirm whether accumulation or distribution is taking place.
My Trading Plan
I’m not chasing the pump. I’d prefer to see price stabilize around $0.0320–$0.0350 before considering a spot entry, using DCA only if support holds. A reclaim of $0.0390 with strong buying volume would give me more confidence to add.
If $0.0320 breaks decisively, I’ll reassess rather than blindly average down. The previous high at $0.05163 shows how quickly momentum expanded, but another rally needs fresh confirmation.
The next move matters: Will buyers defend the pullback and rebuild momentum, or was the initial surge followed by a deeper correction? I’m watching support, volume, and the $0.0390 reclaim before making my move.
