🚨$SPELL /USDT Technical Analysis🚨
📊The $SPELL /USDT pair is currently trading at $0.0009625, showing a strong bullish momentum with a 24-hour gain of 13.68%. The recent price action indicates a potential continuation of the uptrend.
📈Long Entry:
* Consider a long position at the current price of $0.0009625.
🛑Stop Loss:
* Place a stop-loss order below the recent swing low around $0.0008447 to protect against potential downside risks.
📉Short Entry:
* While the overall trend is bullish, short-term pullbacks may offer short-selling opportunities.
* Wait for a retracement to the 20-day or 50-day moving average before considering a short entry.
🛑Stop Loss:
* For a short position, set a stop-loss above the recent swing high, around $0.0011611.
⚠️Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
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