$SHELL Breakout Retest Setting Up a Bullish Reversal
$SHELL briefly dipped below its rising channel, but sellers failed to extend the move a sign of weak bearish follow-through. Price is now stabilizing back near the key 0.0582 level, and if buyers reclaim it with strength, momentum can flip rapidly in favor of the bulls.
A strong reclaim + hold above 0.0582 could trigger a clean squeeze toward the upper levels.
Trade Setup (Short-Term Long Idea)
Entry: 0.0580–0.0585
TP: 0.0565 / 0.0558 / 0.0550 (adjust if squeeze triggers)
SL: 0.0594
Structure is tightening one strong candle is enough to shift SHELL back into a bullish path.
