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$SPELL : Are you ready for the witch to cast the big bang spell? 🪄 🟢
The SPELL token is currently moving in an interesting technical zone on the 4-hour chart. After touching a peak at 0.0001859, we're seeing a slight pullback aiming to retest support areas to build a new launch pad.
📉 What got me to buy technically is as follows:
Current price: the pair is trading at 0.0001778, with a slight dip of 1.33%.
RSI Indicator: sitting at 41.8, giving good room for upward movement before hitting overbought territory.
KDJ Indicator: shows the indicator has reached oversold areas (the lower part), which might signal an imminent bounce at any moment.
🎯 My trading plan:
Comfortable entry zone: between 0.0001740 and 0.0001770.
Target levels: 0.0001860 | 0.0001930 | 0.0002050 🚀.
Stop loss: break of the 0.0001610 level with a close of the 4-hour candlestick.
Summary: Stability above the support zone at 0.0001705 enhances the chances of retesting the previous peak at 0.0002136.
⚠️ Disclaimer: Trading in cryptocurrencies is risky. This is purely technical analysis.
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$SPELL ? Share with us in the comments! 👇
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$SPELL 👇🏻 Happy trading 🌹
#SPELL🔥🔥 #spell