🚨 $SPELL /USDT: BREAKOUT OR PULLBACK – KEY LEVELS TO WATCH! 🚨
The SPELL/USDT chart has made a sharp move upward, currently sitting at 0.0006240 USDT, up 12.25% on the day. This surge is significant, but SPELL is now consolidating, presenting potential opportunities for both bulls and bears.
💡 Critical Levels:
• Resistance: 0.0006600 USDT – SPELL faces a major test at this level. A breakout above this zone could push the price higher, igniting bullish momentum.
• Support: 0.0006000 USDT – Strong support here. A dip below may trigger a retest of 0.0005800 USDT or lower.
📈 Long Entry Strategy:
• Enter around 0.0006200 USDT if the price shows strength near support.
• Stop Loss: 0.0005800 USDT – Protect yourself against downward pressure.
• Target: 0.0006600 USDT or higher if momentum holds.
📉 Short Entry Strategy:
• Consider a short if price drops below 0.0006000 USDT.
• Stop Loss: 0.0006250 USDT to guard against unexpected upward moves.
• Target: 0.0005800 USDT or lower in a potential breakdown scenario.
Patience is key here—watch closely for a breakout or breakdown before making your move!
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