$SPELL /USDT – 4H Trade Setup
Market Insight:
$SPELL is trading at $0.0004584, down 2.74%, and hovering just above the 24h low of $0.0004494. Trading volume is very low (114.8M) compared to both MA(5) and MA(10), indicating consolidation or exhaustion. A potential bounce zone may form if $0.000449 holds.
🔹 Entry Zone:
$0.0004450 – $0.0004580
(Price is within this zone; a possible short-term support base.)
🎯 Targets:
Target 1: $0.0004788
Target 2: $0.0004955
Target 3: $0.0005121
🔻 Stop Loss:
$0.0004390 (below recent low and local demand)
🔑 Key Levels:
Resistance: $0.0004788 / $0.0004955 / $0.0005121
Support: $0.0004494 / $0.0004456 / $0.0004390
Pivot Zone: ~$0.0004622 (potential confirmation of strength if reclaimed)
💡 Pro Tip:
To reduce risk, look for a volume breakout or price close above $0.0004622 on the 4H before entering aggressively. This area also aligns with short-term EMAs.
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