$SPELL / USDT – FAKEOUT OR FUEL FOR FALL? 🔴⚠️
After a sharp spike into resistance at 0.0006114, $SPELL faced immediate rejection and is now struggling to reclaim the breakout zone. Current price action near 0.0005354 looks fragile as it hovers below major resistance.
The quick reversal wick suggests a possible bull trap — and if buyers fail to hold 0.0005320, we could see another leg down toward key demand.
📊 Trade Setup (Bearish):
• Entry Zone: 0.0005360 – 0.0005380
• TP1: 0.0005200
• TP2: 0.0005050
• TP3: 0.0004968
• SL: 0.0005543
Downside pressure could build fast if no strong bullish reclaim appears. Watch that 0.0005320 zone like a hawk. 👀📉