1. Summary
$SPELL just bounced strongly from ~0.000047 to high 0.0000618 and is currently pulling back slightly around 0.0000589; short-term bias is bullish but very sensitive to volume.
• Price: 0.0000589; catalyst: sudden spike in volume — monitor inflows/whales.
2. Analysis
1H price shows a large pump candle, MA7 has crossed above MA25/MA99 and RSI 1H ~81 (overbought → pullback warning). Short support: 0.0000528–0.0000496 (MA recovery zone), near bottom around 0.0000470; near resistance: 0.0000618 (recent high), extension 0.000070–0.000075 if momentum is strong. Current sentiment is FOMO retail; initial volume was strong but is gradually diminishing — flows to CEX or whale selling could instantly turn pump into dump.
3. Strategy
Entry:
• Scenario A (Breakout): buy when 1H closes > 0.0000620 with clear volume (compared to MA20 volume).
• Scenario B (Pullback snipe): wait to buy 0.000052–0.000055 if there is wick rejection + 1H reversal candle; only add if it holds above 0.000049.
Stop-loss (mandatory): 0.0000445 (below recent low to avoid noise sweep).
Take-profit: TP1 = 0.0000618 (take some profit at the recent high); TP2 = 0.000070–0.000075 (scale out if momentum continues and no inflows to CEX). If breakout lacks volume, lower TP1 to 0.000059–0.000060 to preserve capital.
Exit triggers: appearance of large transfers to the exchange, whale sell alerts, or RSI 1H >90 with decreasing volume → exit quickly. Use limit/probe orders, avoid market orders when liquidity is thin.
