$SPELL USDT - BULLISH BREAKOUT! 🚀

Here's a technical analysis of the SPELLUSDT chart, indicating a potential bullish continuation!

📊 Current Price: The current price is hovering around $0.0005013, showing a strong upward momentum.

📈 Key Levels:

* Support:

* Immediate support is identified around $0.0004955, where previous resistance turned into support after a clear breakout.

* A stronger support zone can be seen around $0.0004862, which acted as a significant demand area in the past.

* Resistance:

* The immediate resistance is currently around $0.0005121 - $0.0005162. A successful breach of this level could pave the way for further gains.

🔥 Trade Setup - LONG:

Given the current price action and breakout, a long position seems favorable.

* Entry: Consider entering a long position around the current price of $0.0005013 or on a slight pullback towards the immediate support of $0.0004999.

* Targets (TP):

* TP1: $0.0005121 (previous resistance)

* TP2: $0.0005231 (next significant resistance level)

* Stop Loss (SL): Place your stop loss below the immediate support, around $0.0004955 to $0.0004999, to manage potential downside.

⚠️ Risk Management:

Always use proper risk management! Only risk a small percentage of your trading capital per trade (e.g., 1-2%). Ensure your stop-loss is honored to protect your funds. Do not over-leverage! Trade responsibly. 🛡️

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