#TraderAlert $SHELL Analysis of spot buying?
Wait for the project to prove it can generate real revenue and for the token unlocks to slow down before even considering it.
More importantly, the project has a huge supply problem. Only about a quarter of all SHELL tokens are available for trading right now. The rest including a massive chunk held by the team and early investors will be unlocked and sold into the market over the coming months and years .
MAIN RISK: Continued price collapse due to massive token unlocks. The weekly chart shows a death spiral, and the fundamental supply pressure is overwhelming.
Wait for the project to prove it can generate real revenue and for the token unlocks to slow down before even considering it.
More importantly, the project has a huge supply problem. Only about a quarter of all SHELL tokens are available for trading right now. The rest including a massive chunk held by the team and early investors will be unlocked and sold into the market over the coming months and years .
MAIN RISK: Continued price collapse due to massive token unlocks. The weekly chart shows a death spiral, and the fundamental supply pressure is overwhelming.
