$SPELL /USDT Short Sell Signal! 🔥💯
Current Price: $0.0017648
Main Resistance: $0.001800 - $0.001830 (Strong Supply Zone)
Entry Zone: $0.001780 - $0.001800 (Looking for Rejection or Bearish Confirmation)
Target 1: $0.001720 (First Support Level)
Target 2: $0.001680 (Stronger Support Level)
Stop Loss: $0.001850 (Above Resistance)
Trade Details
✅ Wait for bearish rejection at $0.001780 - $0.001800 before entering.
✅ A rejection at the resistance level could push the price towards $0.001720 and $0.001680.
✅ Watch the 4H and 1H charts for confirmation with volume analysis.
✅ Exit the position if the price breaks above $0.001850 to minimize risk.
Risk Management
🔹 Maintain a 2:1 risk/reward ratio.
🔹 Adjust the stop loss if the price consolidates near the resistance level.
Momentum Indicators
📉 RSI near overbought levels could signal exhaustion.
📉 Decreasing volume at the resistance level reinforces the bearish bias.
Pro Tip
🚨 Watch BTC volatility, as sudden volatility could impact $SPELL.
Stay alert and trade safe! 🚀
SPELLUSDT
Eternal
0.0017791
+6.43%
#VVVonBinance #DeepSeekImpact #MicroStrategyAcquiresBTC #JUPBuybacks #USTaxExemptionPlan
