$SPELL a/USDT Short Trade Signal!🔥💯
Current Price: $0.0017303
Trade Setup:
Entry: Short between $0.0017300 and $0.0017500
Target 1: $0.0016800
Target 2: $0.0016200
Stop Loss: $0.0017800
Risk/Reward: ~3:1
Trade Plan:
$SPELL is trading near a key resistance zone at $0.0017500, with bearish momentum indicating a potential pullback. Short positions between $0.0017300 and $0.0017500 are ideal, targeting support levels at $0.0016800 and $0.0016200. Use a tight stop loss at $0.0017800 to manage risk if resistance is broken.
Market Insight:
The price has shown signs of weakness near resistance, with declining volume and a bearish divergence on shorter timeframes. A breakdown below $0.0017000 could confirm further downside.
Pro Tip: Monitor volume for increased selling pressure. Consider locking in partial profits at $0.0016800 and moving your stop loss to breakeven to secure gains while targeting lower levels.
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