Professor_Michael
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Bearish
$SPELL /USDT BEARISH MOVE ALERT 🚨 – POTENTIAL DOWNSIDE BREAK!
Key Levels:
Resistance: $0.0012488
Support: $0.0011042
Current Price: $0.0011912
Trade Setup (Short Entry):
Entry Zone: $0.0012013 - $0.0011912
Target 1 (TP1): $0.0011500
Target 2 (TP2): $0.0011042
Stop Loss (SL): $0.0012488
Market Outlook:
SPELL is showing signs of a potential bearish continuation as it fails to hold above the $0.0012000 level. The rejection from the $0.0012488 resistance zone, coupled with bearish momentum, suggests that sellers are likely to drive prices toward lower support levels. A clear break below $0.0011912 could accelerate the downside move.
Risk Management:
Trade with caution by ensuring proper position sizing. Stick to the defined stop-loss level to protect against sudden reversals. Never risk more than 1-2% of your capital per trade.
If you feel the analysis helpful, Like, Share, and comment the next pair you want to analyze!
#USTaxExemptionPlan
#USConsumerConfidence
#SOLETFsOnTheHorizon
#TrumpCryptoOrder
Key Levels:
Resistance: $0.0012488
Support: $0.0011042
Current Price: $0.0011912
Trade Setup (Short Entry):
Entry Zone: $0.0012013 - $0.0011912
Target 1 (TP1): $0.0011500
Target 2 (TP2): $0.0011042
Stop Loss (SL): $0.0012488
Market Outlook:
SPELL is showing signs of a potential bearish continuation as it fails to hold above the $0.0012000 level. The rejection from the $0.0012488 resistance zone, coupled with bearish momentum, suggests that sellers are likely to drive prices toward lower support levels. A clear break below $0.0011912 could accelerate the downside move.
Risk Management:
Trade with caution by ensuring proper position sizing. Stick to the defined stop-loss level to protect against sudden reversals. Never risk more than 1-2% of your capital per trade.
If you feel the analysis helpful, Like, Share, and comment the next pair you want to analyze!
#USTaxExemptionPlan
#USConsumerConfidence
#SOLETFsOnTheHorizon
#TrumpCryptoOrder
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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