$SPELL /USDT BOUNCE FROM DEMAND ZONE — BULLISH MOVE INITIATED!
Price has reacted strongly from a major support zone around 0.0005750, signaling buyer interest at this level. A clear bullish engulfing candle has formed, hinting at a possible upside continuation. With the structure holding, SPELL is poised to retest recent highs.
Trade Setup:
Entry: 0.0005910 – 0.0005890
Take Profit (TP): 0.0006278
Stop Loss (SL): 0.0005729
Market Outlook: The current bounce from the demand area shows positive momentum. If the price maintains above 0.0005800, it may continue toward the target level. Manage risk carefully as the zone below is a critical invalidation area.
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