๐ $SPELL Trade Setup ๐ฎ | Bearish Reversal in Play!
๐ผ Trade Setup (Short):
๐ป Entry Zone: 0.0004450 โ 0.0004520
๐ฏ Take Profit: 0.0004003
๐ Stop Loss: 0.0004527
$SPELL USDT Short Trade Signal ๐จ๐ป
BEARISH REVERSAL โ SHORT SETUP TO CATCH THE DUMP ๐ฅ๐งจ
SPELLUSDT is showing clear signs of bearish pressure after retesting a minor resistance level. Price is failing to break above the resistance at 0.0004527 and is starting to reject โ a classic setup for a short opportunity targeting the next major support.
๐ Key Levels:
Resistance: 0.0004527
Support: 0.0004003
Current Price: 0.0004450
๐ Market Outlook:
The trend remains bearish below the 0.0004527 resistance, with sellers dominating the market. Momentum indicators confirm weakness, and if the current structure holds, a move down to 0.0004003 is highly probable. This setup offers a great short-term scalp trade for bearish momentum traders.
โ ๏ธ Risk Management: Always use a proper stop loss and manage your position size carefully to protect capital if the setup invalidates.
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