📉 $SPELL /USDT Trade Setup – Testing

$SPELL is currently trading at 0.0004734, hovering just above a key support area. The structure shows bearish pressure, but a bounce from this level could offer a short-term opportunity.

🔍 Technical Overview:

Current Price: 0.0004734

Immediate Resistance: 0.0004819 – 0.0004862

Major Resistance: 0.0004999

Support Zone: 0.0004650 – 0.0004600

📊 Trade Setup (Long Attempt):

Entry: 0.0004730 – 0.0004740

Target 1 (T1): 0.0004819

Target 2 (T2): 0.0004862

Target 3 (T3): 0.0004999

Stop Loss: 0.0004595

Risk/Reward: Favorable setup if support holds and confirms reversal with volume.

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