$SPELL /USDT BEARISH TURN 🔻 | SHORT TRADE SETUP ACTIVE
📉 Current Price: $0.0005011
$SPELL is stalling below key resistance levels and forming lower highs, signaling bearish intent. After repeated rejection near the $0.0005100+ zone, price action is softening — downside looks likely if $0.0005000 fails to hold.
📊 Key Levels:
🔹 Resistance Zone: $0.0005100 – $0.0005231 (Strong rejection area 🔴)
🔹 Immediate Support: $0.0004955
🔹 Major Support Targets:
• $0.0004910
• $0.0004850
• $0.0004750 (High-interest buyer zone 💰)
💼 Trade Setup – SHORT POSITION
📍 Entry: $0.0005100 – $0.0005160 (Rejection zone retest)
🎯 Targets (TP):
• TP1: $0.0004955
• TP2: $0.0004850
• TP3: $0.0004750
🛑 Stop Loss (SL): $0.0005240 (Above major resistance — structure break)
⚖️ Risk Management:
🛡️ Risk only 1-2% of your trading capital. Stick to your SL and avoid emotional decisions.
Wait for rejection or confirmation before entering. Trade the trend, not your hopes.
📉 Bearish bias remains — time to execute with strategy!
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