SHELLUSDT.P | 13/10/2026: Three price zones, three different roles
The current 4H analysis highlights three areas worth watching. First is the nearby resistance zone at 0.02307–0.02314. Second is the swing high at 0.02468, an important level for reassessing the bearish view if a 4H candle closes above it. Third is the support zone at 0.02121–0.02135, with a reference level of 0.0195 below it if support breaks.
Each area has its own role. The nearby resistance zone helps monitor price action during a rebound. The swing high provides a specific condition for assessing whether the downtrend structure is being challenged. The support zone helps track the risk of further downside and price reactions below.
With a reference price of 0.02261, an RSI of 41.4, and the price below both EMA20 and EMA200, the analysis remains cautious on the 4H timeframe. However, this data does not determine with certainty which zone the price will test first.
A useful analysis plan is to define in advance what would change the outlook, rather than trying to predict every short-term move.
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