🚨 Short trade signal for $SPELL / USDT! Let's break down the current situation and see how it aligns with the latest market data:

Current Price

$0.0004674 (up 1.13%)

Market Structure

Price is ranging after a sharp drop.

There’s a weak bounce with rejection near $0.0004700.

Momentum remains bearish on the 15M chart.

Key Levels

Resistance: $0.0005029 (24H High)

Support: $0.0004572 (24H Low)

Breakdown Trigger: Below $0.0004650

Trade Setup$SPELL

Entry Zone: $0.0004650 – $0.0004700

Take Profit Levels:

TP1: $0.0004600

TP2: $0.0004550

TP3: $0.0004480

Stop Loss: $0.0004810

Pro Tip

Wait for a solid 15M close below $0.0004650 before entering to confirm the breakdown for a clean short setup.

Trade here on $SPELL