$SHELL is putting on a clinic today with a +63.9% rip, but let’s talk about the trap hidden in these charts.
Price is currently sitting at $0.03096, knocking on the door of the $0.03142 resistance wall. While the momentum is undeniably aggressive, the rookie mistake here is buying the top of a parabolic move. We’ve all seen this movie before: the FOMO kicks in, the retail buy-side liquidity gets tapped, and the rug gets pulled.
I’m keeping a close eye on the $0.0305 support level. If we see a clean 15-minute pullback to retest that zone as new support, it’s a much higher probability trade than jumping in while the candle is still vertical. Don't let the green bars cloud your risk management.
Are you looking to catch a potential breakout above the resistance, or are you sitting on your hands waiting for the retest? Let me know your game plan in the comments.
⚠️ Caution: Educational price-action analysis only — Not Financial Advice (NFA). Always Do Your Own Research (DYOR).
#SHELL #DYOR #CryptoEducation nceSquare
Price is currently sitting at $0.03096, knocking on the door of the $0.03142 resistance wall. While the momentum is undeniably aggressive, the rookie mistake here is buying the top of a parabolic move. We’ve all seen this movie before: the FOMO kicks in, the retail buy-side liquidity gets tapped, and the rug gets pulled.
I’m keeping a close eye on the $0.0305 support level. If we see a clean 15-minute pullback to retest that zone as new support, it’s a much higher probability trade than jumping in while the candle is still vertical. Don't let the green bars cloud your risk management.
Are you looking to catch a potential breakout above the resistance, or are you sitting on your hands waiting for the retest? Let me know your game plan in the comments.
⚠️ Caution: Educational price-action analysis only — Not Financial Advice (NFA). Always Do Your Own Research (DYOR).
#SHELL #DYOR #CryptoEducation nceSquare
