After the sharp sell-off from the 0.0589 area, price found a solid base near 0.0518 and shifted structure with a strong rebound, showing clear buyer absorption at the lows. Momentum flipped bullish as the recovery leg reclaimed key intraday levels, and $SHELL

SHELLUSDT

Perp

0.0543

+1.13%

is now holding above the short-term consolidation zone, suggesting continuation rather than exhaustion. As long as price stays supported above the recent higher low, the path remains open for a push back into the upper resistance band.

Entry: 0.0560 – 0.0566

Targets: 0.0578 / 0.0589 / 0.0602

Stop Loss: 0.0549