šØ $SHELL
/USDT ā SHORT SETUP
Bearish Momentum Building ā Breakdown Expected š
Entry (Short): 0.0555 ā 0.0562
Stop Loss: 0.0585 (Above wick rejection zone)
šÆ Targets
ā¢ TP1: 0.0530
ā¢ TP2: 0.0508
ā¢ TP3: 0.0485
š Key Levels
ā¢ Resistance: 0.0580
ā¢ Support 1: 0.0540
ā¢ Support 2: 0.0505
ā¢ Breakdown Zone: 0.0550
š Analysis
$SHELL is showing clear bearish rejection from the 0.0600 resistance, followed by declining volume, confirming weakening buyer strength.
Price action is printing lower highs and long upper wicks, a textbook signal of sustained sell pressure.
A clean break below 0.0550 should trigger a deeper move toward the lower support zones, aligning with the broader bearish trend.
ā ļø Trend: Bearish
š Expect: Downside continuation
