$SPELL

/USDT BEARS BREAKING SUPPORT LEVEL — SIGNAL FOR SHORT TRADING

SPELL has broken through the key horizontal support zone around 0.0005920, indicating the continuation of the bearish trend. The price has faced several rejections from the resistance zone above and has now started to form lower highs and lower lows, showing strong selling pressure.

Trade setup:

Entry: 0.0005919

Take Profit (TP): 0.0005707

Stop Loss (SL): 0.0006044

Outlook:

A break below the support zone indicates that sellers are in control. Unless a strong recovery occurs, we may see further declines as momentum favors short positions.

Team: Follow the breakout — follow the trend until a reversal is confirmed!

#CryptoTrading #SPELLUSDT #BinanceFutures #ShortSetup #BearishTrend