๐ฎ $SPELL โ MAGIC FADING OR JUST RECHARGING? โจ๐
$SPELL just summoned an explosive rally โ but now the spell might be losing power. Price action shows back-to-back rejections near the $0.0005267 mark, forming a short-term double top pattern. Could this be a cooldown before another surge, or are bears sneaking in?
๐ Key Chart Insights: โข Strong rally from demand zone โ
โข Resistance hit at $0.0005267 โ
โข Bearish candle pressure rising
โข Local support: $0.0005096 ๐ฉ
๐ง Trade Setup (Short-Term Correction Play) โข Entry: $0.0005216 โ $0.0005213
โข TP: $0.0005096
โข SL: $0.0005267
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