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$SHELL Up 23% in 24 hours to 0.0325, with 74M in trading volume—that kind of volume isn’t something retail traders can generate. No official announcement has appeared on-chain, so it’s most likely market makers pushing the price up alongside liquidations of short positions. This bullish candle from 0.0243 to 0.0339 erased two weeks of losses—a classic short squeeze setup. Chasing longs now offers a terrible risk-reward ratio: 0.034 is a dense overhead hedging zone near the previous high, while 0.028 is the cost-basis midpoint for this rally. It only counts as a real breakout if the pullback holds. I only trade on the right side of the move: wait for a pullback to 0.029–0.030 to stabilize, then go long with a small position; set a stop-loss at 0.0275 and take profits in stages at 0.0345. Keep the position at or below 20%. If it breaks above 0.034 on a surge in volume, then chase, with a stop at 0.032. After this kind of explosive rally, a second bottom is common—don’t try to catch a falling knife above 0.033. Has the news already been priced in? Without positive news materializing, this is just a battle of capital. I’ve seen plenty of pump-and-dump plays like this. Watch trading volume closely; if the price stalls on declining volume, get out immediately. #每周来晒 #Gate股票畅聊季

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SHELLSHELL-2.16%

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RedCandleholder
Is 74M in volume really something retail traders can’t generate? I’m curious if the red candlestick memes are already going wild in the project team’s group chat right now.
PhishPsyWar
You said, “It was most likely market makers pushing up the price in coordination with short liquidations in the futures market”—what specific on-chain data is this “most likely” based on?