$SPELL USDT BEARISH CONTINUATION SETUP
$SPELL USDT is showing weak momentum after rejection from the recent swing high, indicating sellers are still in control. Price action suggests a lower high structure on intraday timeframes, with pressure building below key resistance. Unless bulls reclaim the breakdown zone, the market favors further downside continuation.
📉 Trade Bias: Bearish
📌 Position Type: Short
🔻 Short Entry Zone:
• Near the previous rejection / supply area
🎯 Targets (TP):
• TP1: Near the recent intraday support
• TP2: Extended move toward the lower demand zone
• TP3: Deeper continuation if selling volume expands
🛑 Stop Loss (SL):
• Above the recent swing high / invalidation level
⚠️ Risk Management:
Risk only a small portion of capital per trade, use proper position sizing, and trail stop loss once the first target is secured.
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