$SPELL /USDT BULLISH BREAKOUT SETUP
TECHNICAL ANALYSIS
$SPELL /USDT has executed a massive bullish breakout on the 15m timeframe, exploding from the accumulation zone near 0.0002478 with a strong impulse candle reaching as high as 0.0003756. This type of vertical expansion indicates heavy buying pressure and a shift from consolidation to expansion.
After such a breakout, the market usually forms a retest zone where buyers look to reload before continuation. The current structure shows bullish dominance with no major signs of exhaustion yet. As long as price sustains above the breakout zone, SPELL may attempt another leg upward.
LONG ENTRY ZONE
0.0003300 – 0.0003500
TARGETS
TP1: 0.0003780
TP2: 0.0004050
TP3: 0.0004300
STOP LOSS
SL: 0.0003180
RISK MANAGEMENT
Use strict position sizing due to volatility, keep SL below breakout support, and secure profits step-by-step as targets are reached.
#technicalanalysis #bullishsetup #marketstructure #priceaction #cryptosignals $SPELL
