$SPELL

/USDT Technical Analysis and Trade Signal 🚀 🎯

Technical Analysis:

1. Trend Overview:

The price shows a bullish momentum with a 19.28% increase in 24 hours.

Trading volume is significant, supporting the upward price movement.

2. Indicators Summary:

Bollinger Bands: The price is nearing the middle band ($0.0009802) but remains below the upper band ($0.0010894). This indicates a temporary pause or consolidation before further movement.

SAR (0.02, 0.2): At $0.0011173, acting as a resistance. If broken, it will confirm bullish continuation.

3. Support & Resistance Levels:

Immediate Support: $0.0009802 (Middle Bollinger Band)

Secondary Support: $0.0008710 (Lower Bollinger Band)

Immediate Resistance: $0.0010894 (Upper Bollinger Band)

Key Resistance: $0.0011611 (24H High)

4. Momentum: Bullish, but nearing resistance zones, signaling caution for entering fresh long positions without confirmation.

Trade Signal:

Trend: Bullish (with consolidation risk near resistance)

Entry Points:

Aggressive Buy: Current price (~$0.0010058)

Conservative Buy: Near support levels around $0.0009802 or $0.0008710 (if retracement occurs).

Targets 🎯:

1. Target 1: $0.0010894 (Upper Bollinger Band)

2. Target 2: $0.0011173 (SAR Level, Key Breakout Zone)

3. Target 3: $0.0011611 (24H High, Major Resistance)

Stop-Loss:

Place at $0.0008710 (Lower Bollinger Band) to limit downside risk.

Trade Momentum:

Momentum: Bullish

Confirmation: Wait for a breakout above $0.0011173 (SAR level) for confirmation of further upward movement. A strong close above this level can lead to testing $0.0011611 or higher.

Note: If the price fails to break $0.0010894 or $0.0011173, a pullback to $0.0009802 or lower is likely. Use a trailing stop to protect profits.

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