$SHELL is consolidating with a bearish lean, suggesting a loss of momentum. 🐻

Volume has been notably low recently, contrasting with previous significant sell-off candles. This quiet period with small body candles and reduced volume indicates indecision, with a lack of strong buyer conviction.

Short-term capital outflows are significant across multiple timeframes, highlighting ongoing selling pressure. While there are some longer-term inflows suggesting potential accumulation, spot flows are predominantly negative. This suggests a lack of immediate demand to drive prices upward.

My outlook for $SHELL is cautiously bearish. I will be looking for a shorting opportunity upon confirmation.

Entry: A confirmed break and close below the support level of 0.04241 will act as my trigger. Alternatively, a rejection at the resistance level of 0.04743, particularly with a wick or a low-volume fakeout, would present an even better risk-reward for a short position.

SL: For a short position initiated on a break, a stop loss at 0.04400 aligns with recent swing highs.

Targets for $SHELL:
- Primary Target: 0.03981 (Support)
- Extended Target: 0.03739 (Next Support)

The current market conditions are choppy, so patience is crucial. Avoid forcing trades.

#Shell #SHELLUSDT #MyShell