⚡
$SPELL Short Liquidation Alert! ⚡
💥 A $5.1571K short liquidation just hit at $0.00112, signaling intense market action. This liquidation shows bears are getting squeezed, and the price could see a dramatic move from here.
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What’s Happening?
Short liquidations often indicate seller weakness, which may trigger a price rebound if bulls step in.
However, if momentum fades, SPELL could still test lower levels.
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Trading Levels to Watch
🔵 Buy Zone (Support):
Look for $0.00108 - $0.00110 as a potential entry zone. If prices dip here, it could provide a strong base for a recovery.
🎯 Target 1: $0.00115 (Immediate resistance zone).
🎯 Target 2: $0.00120 (If bullish momentum picks up, this could be tested).
❌ Stop Loss: $0.00106
If the price drops below this level, it could indicate further downside risk.
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Key Insights:
If SPELL breaks above $0.00112, bulls may push prices higher quickly.
However, failure to hold above $0.00108 could lead to more selling pressure, so stay cautious.
Wait for a confirmation of support before entering. Patience pays in high-volatility situations.
Use strict risk management—never risk more than you’re willing to lose!
The
$SPELL market is heating up—are you ready to cast your trade? DYOR before every move!
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