$SHELL Short-term low-level oscillation, limited capital inflow, beware of further downside
SHELL has recently fallen sharply from a high of about $0.7300, currently oscillating at a low around $0.2214, a drop of about 70% from the previous high.
Short-term trend: If it cannot gain volume support in the range of $0.22-$0.23, caution should be taken for further testing of the $0.20-$0.21 support area; however, if the market breaks through the $0.24-$0.25 resistance level with volume, there will be a chance to test $0.28-$0.30.
Capital flow comparison data shows:
Spot capital: There is a small net inflow in the short cycle (15 minutes to 12 hours) (+$203.54K in 15 minutes, +$340.14K in 1 hour), indicating a small amount of bottom-fishing funds; however, there has been continuous net outflow in the long cycle (2 days to 60 days) (-$2.92M in 2 days, -$171.63M in 60 days), with selling pressure still dominant and insufficient support from bullish funds.
Contract funds: Due to the lack of contract fund data, analysis cannot be performed at this time, but the limited inflow of spot capital and the cautious market sentiment necessitate vigilance against further downside risks.
Operational advice: Although there is a small inflow of capital in the short cycle, the overall strength is insufficient, so blind bottom-fishing should be avoided. Cautious investors may consider entering in batches only after capital inflow strengthens, prices stabilize, or break through $0.25.
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