Here's the technical snapshot for $SPELL /USDT Perpetual (Perp)
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📉 Current Price: $0.0005194
🔻 24h Change: -5.56% (moderate bearish pressure)
📌 Mark Price: $0.0005196
🕒 Timeframe: 2025-06-11 12:00 → 2025-06-12 03:00
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📊 24h Trading Stats:
🔼 High: $0.0005547
🔽 Low: $0.0005142
📈 Volume (SPELL): 7.88B
💵 Volume (USDT): $4.22M
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📉 Order Book & Key Levels:
🔺 Resistance Zone:
$0.0005400 → $0.0005587
📊 Current Price Cluster:
$0.0005307 → $0.0005194 → $0.0005142
🔻 Support Zone:
$0.0005142 → $0.0005120
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🧮 Technical Indicators:
Current Volume (Candle): 35.3M
MA(5) Volume: 289M
MA(10) Volume: 308.5M
📉 Volume Shrinking → Caution (weakening market participation)
Session Volume: 586M
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📌 Market Outlook:
The price is hovering just above the 24h low and hugging a key support zone near $0.0005142.
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✅ Possible Bounce Setup (Short-Term Long):
Entry Zone: $0.000514–$0.000520 (look for bullish price action confirmation)
TP1: $0.000530
TP2: $0.000540
TP3: $0.000549
Stop Loss: $0.000511
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❌ Breakdown Setup (Short Entry):
Trigger: 15m or 1h close below $0.000512
TP1: $0.000504
TP2: $0.000498
Stop Loss: $0.000521
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🧠 Summary:
Current structure: Bearish bias but near possible bounce zone
Volume: Significantly lower than moving average — low conviction selling, possible reversal brewing
Watch zone: $0.0005142 → key pivot for bulls & bears
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