$SPELL /USDT SHORT TRADE SIGNAL – REJECTION NEAR INTRADAY RESISTANCE!

$SPELL just faced strong rejection near the $0.0005267 zone after a steep upward move. Price has printed a bearish engulfing candle on lower timeframes, indicating selling pressure building at the top. A potential pullback is now likely as bulls begin to exit at local highs.

Trade Setup (SHORT):

Entry: $0.0005215 – $0.0005250

Target 1: $0.0005160

Target 2: $0.0005120

Target 3: $0.0005096

Stop Loss: $0.0005270

Why Short?

After a parabolic rally, SpELL hit resistance and failed to break higher, forming a local top. Wicks and volume drop hint at weakness. If price closes below $0.0005200, sellers may gain full control toward lower support.

Risk Management Tip:

Keep your stop loss tight above the wick highs — this is a short-term scalp setup. Don’t overexpose!

Sell smart — don’t chase green candles when the trend is turning red!

Ride the momentum before it fades — profits favor the fearless!#TrumpVsMusk #MarketPullback #CircleIPO #CUDISBinanceTGE #BlackRockETHPurchase $SPELL