$SPELL $SPELL $SPELL

🙈 🙈

Pair: #SPELL/USDT 

Position :  Long 🟢 

Leverage : Cross 20x

Entry: 0.00087-0.00085

Targets:

1) 🎯 0.0009010

2) 🎯 0.0009955

3) 🎯 0.0010106

🚨Stop Loss: 0.0007188

Risk Management: Enter in parts, use 1-2% of your portfolio.

🏆SPELL/USDT Perpetual Trading Strategy

Key Levels

  • Immediate Resistance (Target 1): $0.0009033

  • Secondary Resistance (Target 2): $0.0009959

  • Extended Target: $0.0010106

  • Immediate Support (Stop Loss): $0.0007960

  • Deeper Support: $0.0007188

  • Critical Support: $0.0007034

Trading Plan

  1. Entry Zone: $0.0008500 to $0.0008700

    • Look for an entry if the price holds above $0.0008500.

  2. Targets:

    • Target 1: $0.0009033

    • Target 2: $0.0009959

    • Extended Target: $0.0010106

  3. Stop Loss:

    • $0.0007960: Tight stop for aggressive trades.

    • $0.0007188: Conservative stop for long-term position.

Risk Management

  • Risk-to-Reward Ratio: Aim for at least 1:2.

  • Position Size: Adjust based on risk tolerance and portfolio allocation.

Analysis

  • Trend: Bullish momentum with a 13.71% price increase.

  • Volume: High 24h volume (146.52B SPELL, $128.96M USDT) indicates strong market activity.

If $0.0009033 is broken with volume, anticipate a move toward $0.0009959 or higher. A failure to hold above $0.0007960 might lead to a retracement toward $0.0007188.

💰#TradingMadeEasy #tradesafely #TrustENA #BinanceSquareFamily #TrendingBinance