$SPELL /USDT Trade Setup

General Overview:

24h Price Change: +7.35% (bullish momentum)

24h Volume (SPELL): 9.60B (high volume, ensuring good liquidity)

24h Low/High: $0.0005939 / $0.0006987 (strong range, price near high)

Bullish Scenario:

If SPELL continues its upward movement:

Entry Zone: $0.0006690 - $0.0006750 (current price range or minor pullback)

Stop Loss: $0.0006550 (below recent support)

Target Levels:

TP1: $0.0006850 (near the recent high)

TP2: $0.0006987 (24h high)

TP3: $0.0007100 (psychological level)

Conditions to Watch:

Volume Confirmation: Increased volume at entry points would confirm the bullish trend.

RSI: RSI should stay above 50 to confirm that momentum remains positive.

Bearish Scenario:

If price starts to retrace:

Entry Zone: $0.0006550 - $0.0006400 (support zone)

Stop Loss: $0.0006690 (above recent resistance)

Target Levels:

TP1: $0.0006400 (next strong support)

TP2: $0.0006260 (next support level)

TP3: $0.0006000 (support zone)

Conditions to Watch:

Volume Drop: If volume decreases or stagnates, it could signal a reversal.

RSI: If RSI falls below 50, it could indicate weakening momentum.

Key Levels to Watch:

Summary:

Above $0.0006690 = Bullish bias, targeting $0.0006850 - $0.0006987

Below $0.0006550 = Bearish bias, targeting $0.0006400 or lower

Let me know if you'd like further assistance or adjustments!

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