$SPELL š SPELL/USDT Trade Setup ā High Momentum Play! š
š Trade Plan:
š¹ Entry Zone: $0.0000630 - $0.0000670
š¹ Stop Loss: $0.0000585 (below key support)
š¹ Target 1: $0.0000720 š„
š¹ Target 2: $0.0000810 š„
š¹ Target 3: $0.0000835 š
š Risk-Reward Ratio: Favorable 3:1 š°
š Technical Breakdown:
š Market Structure Shift:
SPELL/USDT has broken out of its downtrend, forming a strong higher low at $0.0000518. Now, the price is above all major EMAs, signaling a bullish momentum shift.
š Key Levels:
šø Resistance: $0.0000702, $0.0000819, $0.0000835
š¹ Support: $0.0000585, $0.0000569, $0.0000518
š Volume Profile:
š Massive volume spike confirms breakout strength. If buy pressure sustains, expect continuation towards $0.0000819.
š Market Trends:
š With altcoins surging, SPELL could follow the bullish sentiment. Keep an eye on BTC dominance, as a correction there may impact SPELL.
š Trade Management:
ā Move stop loss to breakeven ($0.0000630) after hitting $0.0000720.
ā Partial take-profit at $0.0000810, then trail stops.
ā Watch for rejection at $0.0000702 ā a failure there could cause a pullback.
š Final Thoughts:
š Bias: Bullish ā
š Risk: If BTC corrects, SPELL may lose momentum. Be cautious of fakeouts! šØ
š Strategy: Wait for a clean retest of $0.0000630 before entry.
š Stay disciplined, follow your plan, and let the trend be your friend! šš„