$SPELL /USDT SHORT TRADE SIGNAL – RESISTANCE ZONE REJECTION IN PLAY
SPELL is currently trading around 0.0006250 after facing a firm rejection from the 0.0006359 resistance zone. Price action shows a clear lower-high formation beneath the resistance, confirming bearish momentum and setting up for a short trade.
Trade Setup:
Entry Price: 0.0006250
Take Profit (TP): 0.0006069
Stop Loss (SL): 0.0006359
Outlook: Price is respecting the horizontal resistance level and forming a potential downward structure. If momentum persists, the sell-off could drive the price back to the lower support zone. Risk-to-reward is favorable with a tight SL above resistance.
Command: "MARKET IS TURNING – ENTER SHORT WITH DISCIPLINE"
