$SPELL – Bearish Rejection, Short Trade Setup Active!
$SPELL just broke below a key supply zone after multiple rejections in the 0.0006400–0.0006430 range. The momentum has flipped bearish with strong downside pressure building.
Short Trade Setup:
Entry: 0.0006330
Target: 0.0006205
Stop Loss: 0.0006430
Why This Setup Works:
Clean rejection from supply zone with a lower high forming. Breakdown of structure suggests sellers are gaining dominance.
Take your short position now on $SPELL
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