$SPELL /USDT TECHNICAL ANALYSIS – BINANCE TRADE SETUP

Status: BEARISH BIAS – WEAK STRUCTURE WITH LOWER HIGHS

Current Price: $0.0004652

24H Range: $0.0004554 – $0.0004861

24H Change: -2.47%

Volume (SPELL): 1.14B

Volume (USDT): $535.8K

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🔻 Market Outlook:

$SPELL /USDT remains in a strong downtrend, struggling to reclaim key levels and facing repeated rejection below $0.000480. With lower highs and weak bounce attempts, bearish continuation is likely unless bulls reclaim $0.000490.

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📉 Bearish Trade Setup:

🔹 Entry Zone: $0.000470 – $0.000478 (on weak bounce)

🔸 Take Profit Targets:

T1: $0.000455

T2: $0.000440

T3: $0.000420

🛑 Stop Loss: $0.000490

📌 Key Resistance: $0.000480

📌 Key Support: $0.000455

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📊 Technical Summary:

SPELL is forming a descending structure with no clear bottom pattern. Volume is declining, and sentiment appears weak, with sellers controlling the trend. If the $0.000455 support breaks, the next leg down could accelerate toward $0.000420 or lower.

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⚠️ Note: If BTC shows strength, it might temporarily support SPELL, but structure remains bearish unless $0.000490 flips into support.

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