$SHELL — 0.0223–0.0243 Is A Potential Supply Zone, Caution If Price Bounces Here
If $SHELL produces a technical bounce from current lows, the 0.0223–0.0243 zone is the most critical area to watch.
📊 Why this zone matters:
⚠️ 0.0223 — bearish FVG, potential supply zone
⚠️ 0.0243 — secondary resistance
🔴 Both sit below the stronger supply zone at 0.0265–0.0281
💰 Current price: 0.0215 — approximately 3–13% away from this zone
In a downtrend, bounces are typically rejected at supply zones and pushed back down. With MACD, Vortex, PSAR, DMI all bearish and ADX rising, the probability of 0.0223–0.0243 acting as a sell zone remains high.
📊 Scenarios to monitor:
🔴 Price bounces into 0.0223–0.0243 + bearish reversal signal appears → continuation of primary trend
🟢 Price breaks and holds above 0.0265 → phase shift confirmed
The 0.0223–0.0243 zone is a potential bull trap in $SHELL 's ongoing downtrend.
#SHELL #CryptoAnalysis #Binance
If $SHELL produces a technical bounce from current lows, the 0.0223–0.0243 zone is the most critical area to watch.
📊 Why this zone matters:
⚠️ 0.0223 — bearish FVG, potential supply zone
⚠️ 0.0243 — secondary resistance
🔴 Both sit below the stronger supply zone at 0.0265–0.0281
💰 Current price: 0.0215 — approximately 3–13% away from this zone
In a downtrend, bounces are typically rejected at supply zones and pushed back down. With MACD, Vortex, PSAR, DMI all bearish and ADX rising, the probability of 0.0223–0.0243 acting as a sell zone remains high.
📊 Scenarios to monitor:
🔴 Price bounces into 0.0223–0.0243 + bearish reversal signal appears → continuation of primary trend
🟢 Price breaks and holds above 0.0265 → phase shift confirmed
The 0.0223–0.0243 zone is a potential bull trap in $SHELL 's ongoing downtrend.
#SHELL #CryptoAnalysis #Binance