$SPELL LL Long Liquidation Alert
Liquidation Amount: $18.056K
Liquidation Price: $0.00067
Market Overview:
SPELL, the native token of the Abracadabra Money ecosystem, just witnessed a substantial long liquidation at $0.00067. This indicates that overleveraged bulls were forced out, triggering a local sell-off.
Key Observations:
SPELL has been struggling to hold key support levels.
The market could see further downward pressure unless demand picks up.
Trading Strategy:
Bearish Bias: If price remains below $0.00067, further downside to $0.00060–$0.00058 is possible.
Reversal Watch: If SPELL reclaims $0.00070, it might signal a short-term recovery.
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