alright, let’s read this one carefully,…
made a sharp impulse move earlier, but instead of dumping hard after the spike, price cooled off and shifted into a tight range,… that’s important,… strong moves that hold structure usually signal acceptance, not distribution,…
right now price is compressing just above the local support zone,… sellers try to push it down but candles keep closing back inside the range,… buyers are quietly absorbing supply here,…
this sideways grind after expansion often acts as a base,… if buyers step in with momentum and push above the recent highs, continuation becomes very likely,… rejection here would still mean consolidation, not immediate weakness,…
as long as $SHELL holds above the lower range, the structure remains healthy,… wait for confirmation, let price show direction,… no need to force anything here,…