🐚 SHELL H4 – Accumulation Awaiting Confirmation
$SHELL is in a pullback after forming a local top at 0.03554. Current price 0.03358, trading below the Bollinger Bands middle band (0.03422).
📊 Technical Signals:
→ RSI(6) = 40 – approaching oversold zone, no reversal signal yet
→ Volume below MA5 & MA10 – lack of momentum
→ Bollinger Bands tightening – a significant move may occur soon
🎯 Key Price Levels:
🟢 Support: 0.03305 – 0.03247
🔴 Resistance: 0.03422 – 0.03538
⚡ Scenarios to Watch:
Holding 0.03305 + volume recovery → potential retest of 0.03422
Break below 0.03305 → next target around 0.03247
No clear confirmation from the market at this stage. Waiting for signals before taking action.
NFA – DYOR
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