$SPELL is currently trading around 0.0002457, up +1.99% in the last 24 hours. After a sharp impulsive move to 0.0002748, price entered a healthy pullback and consolidation phase, holding above a key demand zone.
This kind of volatility → cooldown → base formation often signals that the market is resetting before the next move.
On the 1H timeframe, price is stabilizing with small-bodied candles and higher lows — a sign that selling pressure is fading and momentum is slowly rebuilding.
Market Structure Insight
Strong impulse leg followed by controlled retracement
Clear demand zone around 0.0002400 – 0.0002420
Price holding above support, not collapsing
Current range suggests re-accumulation, not distribution
This is a continuation-biased structure, but confirmation matters.
Trade Setup (Range-to-Breakout Plan)
Entry Zone:
🔹 0.0002420 – 0.0002460
Targets:
🎯 Target 1: 0.0002550
🎯 Target 2: 0.0002680
🎯 Target 3: 0.0002800
Stop Loss:
0.0002360 (below demand & structure low)
Breakout Scenario
If $SPELL reclaims and holds above 0.0002550 with solid volume, expect:
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