$SPELL Long Liquidation Alert!
Liquidation Amount: $9,497.4
Liquidation Price: $0.00119
A sharp downturn in the market has liquidated a $9.49K long position in $SPELL , with the price crashing to $0.00119. This liquidation underscores growing bearish momentum as bulls struggle to defend critical levels.
Key Levels to Watch
Resistance: $0.00125 – A recovery above this level is crucial for a bullish reversal.
Support: $0.00115 – The immediate zone to hold; breaking below could open the path to $0.00110 or lower.
What’s Next?
Bearish Scenario: A loss of $0.00115 could intensify selling pressure, pushing SPELL toward $0.00110 or even $0.00105.
Bullish Rebound: If buyers defend $0.00115, a short-term rally could target $0.00125 and retest $0.00130.
Trading Insight: Monitor volume spikes and price action near $0.00115 to confirm the next move. With volatility rising, the market could deliver swift and decisive movements. Stay sharp!
#USTaxExemptionPlan #USConsumerConfidence #SOLETFsOnTheHorizon #TrumpCryptoOrder #BinanceAlphaAlert