$SHELL
L/USDC BULLISH PULLBACK CONTINUATION
Market Structure:
Price remains in a bullish structure after a strong impulsive rally into the upper resistance zone. The ongoing retracement is corrective in nature, holding above a key demand area and the Supertrend (10,3), suggesting continuation rather than reversal. Higher lows are still respected, keeping buyers in control.
Trend & Momentum:
Supertrend acting as dynamic support, confirming bullish bias.
EMA and MA structure favors continuation after consolidation.
Volume expansion during the rally validates strong participation from buyers.
Trade Plan – LONG SETUP:
Entry Zone: 0.0510 – 0.0540
Targets:
TP1: 0.0628
TP2: 0.0673
TP3: 0.0725
Stop Loss: 0.0470 (below structural support and trend invalidation)
Invalidation:
A sustained breakdown below the stop-loss level would negate the bullish setup and signal a deeper correction.
Risk Management:
Risk a small, predefined percentage per trade, secure partial profits at targets, and trail stop loss once TP1 is achieved.
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