🔥 $SPELL /USDT BEARISH TRADE SETUP! 🔥

📉 Current Price: $0.0009331 (+5.87%) – Price surged but is now showing signs of exhaustion!

📊 Market Analysis:

$SPELL saw a strong bullish push but faced sharp rejection at $0.0009750, forming a wick on higher timeframes, indicating seller dominance. The rejection suggests a possible pullback before the next potential move.

📌 Key Levels to Watch:

Resistance Zone: $0.0009500 - $0.0009750 (Failed breakout area)

Support Zone: $0.0009200 (Immediate support)

Major Support: $0.0008800 - $0.0008700 (Stronger demand area)

📉 Short Entry Strategy:

🔹 Entry Zone: $0.0009400 - $0.0009500 (Sell on retest of resistance)

🔹 Stop Loss: $0.0009800 (Above rejection wick to avoid fake-outs)

🎯 Profit Targets:

✅ TP1: $0.0009200

✅ TP2: $0.0009000

✅ TP3: $0.0008800

💡 Trade Rationale:

Strong resistance rejection at $0.0009750.

Bearish divergence forming on lower timeframes.

High volume spike followed by price rejection, signaling weak bullish momentum.

📌 Risk Management:

This trade offers a strong risk-reward ratio, capitalizing on the pullback after the rally. Keep an eye on the $0.0009400 - $0.0009500 zone for a potential short entry! 🚀🔥

$SPELL

SPELLUSDT

Perp

0.0009439

+7.32%

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