$SPELL ✨🧙‍♂️ Potential Bullish Setup (Wait for Pullback!): $SPELL/USDT

🔍 Trade Plan (Ultra Aggressive or Conservative Entry - RECOMMENDED: CONSERVATIVE)

🟢 Ultra Aggressive Entry: Around $0.0006793$ (EXTREMELY HIGH RISK - NOT RECOMMENDED)

🟢 Conservative Entry: $0.0006400 - $0.0006550$ (on pullback)

🔴 Stop Loss (Aggressive): $0.0006700$

🔴 Stop Loss (Conservative): $0.0006300$

🎯 Target 1: $0.0006987$

📈 Target 2: $0.0007150 - $0.0007300$

🏆 Target 3: $0.0007500 - $0.0007700$

⚖️ Potential Risk-Reward Ratio (Conservative Entry to Target 1): ~2.44 - Decent.

📊 Updated Technical Breakdown

👀 Strong bullish breakout, price above key EMAs. RSI EXTREMELY OVERBOUGHT.

🧱 Key Resistance: $0.0006987$, $0.0007150 - $0.0007300$, $0.0007500 - $0.0007700$

🛡️ Key Support: $0.0006400 - $0.0006550$ (7 & 25 EMAs), $0.0006300$

📈 Strong volume on the breakout.

⚠️ RSI EXTREMELY OVERBOUGHT - High probability of pullback.

⚙️ Updated Trade Management

Tight SL for aggressive entry (very risky).

Wait for pullback for conservative entry.

Move SL to entry at Target 1.

Take partial profits.

💭 Final Thoughts

$SPELL$ showing strong bullish momentum but is heavily overbought. Patience for a pullback is key for a safer entry. Manage risk! ✨🧙‍♂️