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$SPELL recent price action indicates a bearish rejection at the 0.0004885 zone, a critical intraday resistance. This rejection, combined with signs of exhaustion and weakening momentum, suggests a potential short-term reversal. *Key Levels:* - *Resistance*: 0.0004885 - *Support*: 0.0004759 *Trade Setup:* - *Entry*: 0.0004837 - *Take-Profit*: 0.0004759 - *Stop-Loss*: 0.0004885 - *Timeframe*: 15m (scalp-level trade) A close below 0.0004830 with volume could signal sellers taking control, with further confirmation of the trend expected if the price continues below 0.0004800. This setup is similar to other bearish rejection patterns seen in markets, where price rejection at key levels can indicate trend reversals ¹. SPELL 0.0004839 +2.43%

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https://www.binance.com/activity/word-of-the-day/G1136963956849864705/shared?shareParam=eyJhY3Rpdml0eUlkIjoiRzExMzY5NjM5NTY4NDk4NjQ3MDUiLCJuZXdzSWQiOjg5NTUxMTMxODAyNDQ3MDczMTEsInJvdW5kIjo0LCJ1c2VyS2V5IjoiV1UxMTM5OTU0NjIzNTcwNjQwODk2In0%3D&utm_medium=web_share_copy

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7 dayswork on binance

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#IsraelIranConflict Why Cypto Market Crashed Today? 1. Geopolitical tensions sparked a risk-off wave Israel’s airstrikes on Iranian military targets triggered a sharp decline—Bitcoin dropped over 4%, from ~$108K to around $103.5K, as investors rushed into traditional safe-havens like gold . Crypto market liquidations surged—roughly $335 million in just one hour following the strike news . 2. Massive futures liquidations The sudden volatility triggered a cascade: traders holding leveraged long positions faced forced sell-offs, amplifying the downward move . 3. Technical-driven pullback Bitcoin’s rally near $111K hit resistance at the upper Bollinger Band, signaling overbought conditions. After peaking, the price pulled back to the mid‐band (around $106–$108K) . Indicators like Stoch RSI flipped from overbought zones, suggesting a consolidation phase was overdue . 4. Profit-taking after ETF‐driven rally Crypto has seen heavy ETF inflows recently (e.g. $164M into Bitcoin ETFs just Jun 11), lifting prices toward record highs . This often leads to profit-taking and short-term corrections. 🔍 Summary Today's crypto dip is the result of a perfect storm: Trigger Effect Mideast conflict Fear → flight from crypto Massive liquidations Amplified the sell-off Technical resistance & overbought Natural cooldown Profit-taking post‑ETF surge Sellers locking gains What could happen next? If geopolitical tensions ease, crypto markets could rebound quickly—Bitcoin has shown resilience post‑crisis in past cycles . But keep an eye on key support levels: around $106K–$108K for $BTC , and $2.7K for $ETH . #MarketPullback #Tradersleague #IsraelIranConflict

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