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$SHELL has taken a steep dive, dropping over 8.5% and currently testing a critical support level. This price zone presents a high-probability short opportunity, with significant room for potential downside movement toward $0.2248.
Trade Setup:
Entry: $0.2516
Target: $0.2248
Stop Loss: $0.2584
Risk-Reward Ratio: Strong downside potential
Why Consider a Short Position?
Rejection from a key supply area
Lower-high pattern reinforcing bearish sentiment
Selling pressure confirmed by momentum indicators
Pro Tip:
Monitor for retests or bearish engulfing patterns before committing to a full position. Given the high volatility, position sizing is crucial.