I'm keeping an eye on $SPELL, currently at 0.0006125 (+4.06%). There's modest upward momentum backed by strong on-chain volume (16.13B). It recently got rejected at 0.0006753 but is still maintaining a bullish short-term structure.
Trade Setup:
Entry Zone: 0.0005900 – 0.0006050 (looking for dip buys or a bounce off support)
Targets: 0.0006450 / 0.0006750 / 0.0007100
Stop Loss: 0.0005740
Key Levels:
Support: 0.0005900 / 0.0005740
Resistance: 0.0006450 / 0.0006750
Pivot Point: 0.0006150
My Strategy:
I’m watching how volume reacts near 0.0006450. If buying pressure returns, we could see a push toward 0.00071+. It's a microcap, so volatility’s high—position sizing and tight risk management are key.
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