$SHELL is trading around 0.0449, showing steady activity over the last 24 hours with price holding above the recent swing low at 0.0436. After a clean bounce from demand, the market has shifted into a short consolidation just below the local resistance near 0.0452. This structure suggests absorption rather than weakness. On the lower timeframes, higher lows and firm closes indicate buyers are still in control, waiting for a directional trigger.
If volume expands and price holds above the current range, the probability of continuation increases.
Trade Setup
• Entry Zone: 0.0443 – 0.0448
• Target 1: 0.0458
• Target 2: 0.0467
• Target 3: 0.0482
• Stop Loss: 0.0434
A confirmed break and hold above the 0.0452 level can shift momentum into expansion mode. As long as price stays above the invalidation zone, the structure favors upside continuation rather than a deeper pullback.
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SHELL
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