$SPELL /USDT – BULLS ARE STEPPING IN, MOMENTUM SIGNALS A CONTINUATION MOVE 🚀
Immediate Market Move Explanation:
$SPELL/USDT has shown strong bullish intent with an +11% surge, indicating aggressive buying after defending the 0.00026 support zone. The price is currently consolidating above short-term support near 0.00029, suggesting accumulation rather than distribution. High volume confirms genuine interest, and if buyers maintain control, a retest of recent highs is likely.
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📊 Technical Analysis Breakdown
Trend: Short-term bullish
Key Support: 0.000284 – 0.000261
Key Resistance: 0.000319 – 0.000323
Volume: Elevated (14.66B SPELL), supporting bullish continuation
Structure: Higher low formed on lower timeframes (15m–1h)
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🎯 Trade Setup (LONG)
Entry Zone: 0.000288 – 0.000295
Target 1 (TP1): 0.000310
Target 2 (TP2): 0.000323
Stop Loss (SL): 0.000261 (below strong demand zone)
Risk-managed long favored as long as price holds above 0.00028.
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🔮 Short Market Outlook
$SPELL/USDT remains bullish-biased in the short term. A clean breakout above 0.00032 could trigger momentum expansion, while failure to hold 0.00028 may lead to a deeper pullback. Overall sentiment favors buyers unless key support breaks.
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