$SPELL šŸš€ SPELL/USDT Trade Setup – High Momentum Play! šŸš€

šŸ“Œ Trade Plan:

šŸ”¹ Entry Zone: $0.0000630 - $0.0000670

šŸ”¹ Stop Loss: $0.0000585 (below key support)

šŸ”¹ Target 1: $0.0000720 šŸ„‡

šŸ”¹ Target 2: $0.0000810 🄈

šŸ”¹ Target 3: $0.0000835 šŸ†

šŸ“Š Risk-Reward Ratio: Favorable 3:1 šŸ’°

šŸ”Ž Technical Breakdown:

šŸ“ˆ 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.

šŸ”‘ Key Levels:

šŸ”ø Resistance: $0.0000702, $0.0000819, $0.0000835

šŸ”¹ Support: $0.0000585, $0.0000569, $0.0000518

šŸ“Š Volume Profile:

šŸš€ Massive volume spike confirms breakout strength. If buy pressure sustains, expect continuation towards $0.0000819.

šŸŒ Market Trends:

šŸ“ˆ With altcoins surging, SPELL could follow the bullish sentiment. Keep an eye on BTC dominance, as a correction there may impact SPELL.

šŸ›  Trade Management:

āœ… Move stop loss to breakeven ($0.0000630) after hitting $0.0000720.

āœ… Partial take-profit at $0.0000810, then trail stops.

āœ… Watch for rejection at $0.0000702 – a failure there could cause a pullback.

šŸ’­ Final Thoughts:

šŸ“Œ Bias: Bullish āœ…

šŸ“Œ Risk: If BTC corrects, SPELL may lose momentum. Be cautious of fakeouts! 🚨

šŸ“Œ Strategy: Wait for a clean retest of $0.0000630 before entry.

šŸš€ Stay disciplined, follow your plan, and let the trend be your friend! šŸ“ˆšŸ”„

#CryptoTrading #SPELLUSDT #Binance #AltcoinSeason šŸš€