$SPELL L/USDT BEARISH PRESSURE AFTER FAILED HIGH ⚠️

SPELL spiked to 0.000618 but quickly retraced, now trading near 0.000551. The price has broken below both the 7MA and 25MA, signaling that bullish momentum is fading and sellers are taking control. Unless buyers defend 0.000550 strongly, further downside may follow.

Trade Setup:

Short Entry: 0.000552 – 0.000560

Targets (TP):

TP1: 0.000540

TP2: 0.000525

TP3: 0.000510

Stop Loss (SL): 0.000575

Market Outlook:

Momentum has shifted bearish in the short term. If support at 0.000540 fails, SPELL could revisit deeper zones around 0.000510. Only a breakout above 0.000575 would restore bullish confidence.

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