$SHELL โ Adding Longs as Sell Pressure Fails! ๐๐
The recent dip on $SHELL stalled quickly, and we are seeing strong signs of absorption rather than further distribution. Sellers failed to push the price lower, and momentum is starting to stabilize.
Why Iโm Bullish:
Dip Stalled: Bids stepped in around the base, showing that buyers are defending this area.
Market Structure: The setup remains constructive as long as we hold above the 0.0505 support level.
The Trap: This looks like a classic liquidity grab before the next leg up.
Setup Details:
Entry Zone: 0.0525 โ 0.0540
Take Profits: $0.0550 | $0.0568 | $0.0585
Stop Loss: $0.0508
Always manage your risk and wait for confirmation. Are you loading up on this SHELL continuation? Letโs talk in the comments! ๐
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