$SPELL 🚀 SPELL/USDT Trade Setup – High Momentum Play! 🚀
📌 Trade Plan:
🔹 Entry Zone: $0.0000630 - $0.0000670
🔹 Stop Loss: $0.0000585 (below key support)
🔹 Target 1: $0.0000720 🥇
🔹 Target 2: $0.0000810 🥈
🔹 Target 3: $0.0000835 🏆
📊 Risk-Reward Ratio: Favorable 3:1 💰
🔎 Technical Breakdown:
📈 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.
🔑 Key Levels:
🔸 Resistance: $0.0000702, $0.0000819, $0.0000835
🔹 Support: $0.0000585, $0.0000569, $0.0000518
📊 Volume Profile:
🚀 Massive volume spike confirms breakout strength. If buy pressure sustains, expect continuation towards $0.0000819.
🌍 Market Trends:
📈 With altcoins surging, SPELL could follow the bullish sentiment. Keep an eye on BTC dominance, as a correction there may impact SPELL.
🛠 Trade Management:
✅ Move stop loss to breakeven ($0.0000630) after hitting $0.0000720.
✅ Partial take-profit at $0.0000810, then trail stops.
✅ Watch for rejection at $0.0000702 – a failure there could cause a pullback.
💭 Final Thoughts:
📌 Bias: Bullish ✅
📌 Risk: If BTC corrects, SPELL may lose momentum. Be cautious of fakeouts! 🚨
📌 Strategy: Wait for a clean retest of $0.0000630 before entry.
🚀 Stay disciplined, follow your plan, and let the trend be your friend! 📈🔥
