🚨 $SPELL Setup 🚨
🎯 Targets:
TP1: $0.0005296
TP2: $0.0005696
TP3: $0.0006355
📉 Technical Analysis:
$SPELL just bounced from a local bottom at $0.0004882, showing some buying interest. Current price is hovering around $0.0005135, just below the EMA7 ($0.0005296). If bulls manage to reclaim and close above EMA7, it could signal a short-term recovery toward EMA25 ($0.0005696).
🔑 Key Support/Resistance Zones:
Support: $0.0004882 (Recent low)
Resistance: $0.0005296 and $0.0005696
Major trend resistance at $0.0006355 (EMA99) — that’s your bullish breakout zone.
📊 Volume Insight:
Volume is still high but needs consistent green bars to confirm a trend reversal. Watch for a surge near EMA25 as a breakout confirmation.
⚠️ Risk Management Tip:
Set a tight stop-loss just below $0.0004880 to protect capital in case of a breakdown. If price fails to hold above EMA7, the bullish setup gets invalidated.
#SPELL #CryptoSignals #ReversalWatch
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📌 Disclaimer:
This is not financial advice. Always DYOR and use proper risk management.