$SPELL
Vertical Spike Signals Potential for Further Upside
$SPELL just posted a powerful breakout on the 4H chart, surging over 30% in a single move. The price rallied from the $0.00045 range to above $0.00060, reflecting strong bullish momentum and renewed market interest. Moves like this often bring in additional momentum traders.
Long Trade Setup
• Entry Zone: $0.0006000 – $0.0006100
• Stop Loss: Below $0.0005700
• Targets:
Target 1: $0.0006280
Target 2: $0.0006550
Target 3: $0.0006900
Market Insight:
This breakout follows an extended consolidation period, indicating that accumulation may have fueled the move. If $SPELL holds above the $0.00060 level with strong volume, further upside is likely. Stick to your risk management plan and use stop-loss protection.
