Selling pressure is still dominant here, and the structure hasn’t shown any meaningful reclaim yet. After a weak bounce, price rolled back over and broke below the local base, which keeps the bias firmly bearish. As long as price stays capped under the breakdown zone, continuation to the downside remains the higher-probability scenario for $SHELL .

Trade Setup

Entry Zone: 0.0512 – 0.0520

Targets:

TP1: 0.0500

TP2: 0.0470

TP3: 0.0447

Stop Loss: 0.0545