📉 SHORT 
SPELLUSDT.P from $0.0009866
🛡 Stop Loss: $0.0010430
⏱ 1H Timeframe
✅ Overview:
➡️SPELLUSDT.P remains in a downtrend, forming lower highs and lower lows. The price failed to hold above $0.0010000, signaling weak buying momentum.
➡️ POC at $0.0010250 suggests that major volume accumulation is above the current price, reinforcing the bearish outlook.
➡️ If the price stays below $0.0009866, a continuation towards $0.0009485 and $0.0008901 is expected.
➡️ Volume remains moderate, indicating declining demand and a likely continuation of the downtrend.
⚡ Plan:
📉 Bearish Scenario:
➡️ Enter SHORT from $0.0009866 if price confirms rejection at resistance.
➡️ Risk management with Stop-Loss at $0.0010430, above key resistance.
🎯 TP Targets:
💎 TP1: $0.0009485 — first profit-taking level.
🔥 TP2: $0.0008901 — major support zone.
🚀SPELLUSDT.P Expecting a continuation of the downtrend!
📢SPELLUSDT.P remains under selling pressure. If the price holds below $0.0009866, further downside movement towards $0.0009485 and then $0.0008901 is expected.
📢 However, if the price reclaims $0.0010430, the bearish scenario could be invalidated, leading to a potential upward correction.
SPELLUSDT.P from $0.0009866🛡 Stop Loss: $0.0010430
⏱ 1H Timeframe
✅ Overview:
➡️
SPELLUSDT.P remains in a downtrend, forming lower highs and lower lows. The price failed to hold above $0.0010000, signaling weak buying momentum.➡️ POC at $0.0010250 suggests that major volume accumulation is above the current price, reinforcing the bearish outlook.
➡️ If the price stays below $0.0009866, a continuation towards $0.0009485 and $0.0008901 is expected.
➡️ Volume remains moderate, indicating declining demand and a likely continuation of the downtrend.
⚡ Plan:
📉 Bearish Scenario:
➡️ Enter SHORT from $0.0009866 if price confirms rejection at resistance.
➡️ Risk management with Stop-Loss at $0.0010430, above key resistance.
🎯 TP Targets:
💎 TP1: $0.0009485 — first profit-taking level.
🔥 TP2: $0.0008901 — major support zone.
🚀
SPELLUSDT.P Expecting a continuation of the downtrend!📢
SPELLUSDT.P remains under selling pressure. If the price holds below $0.0009866, further downside movement towards $0.0009485 and then $0.0008901 is expected.📢 However, if the price reclaims $0.0010430, the bearish scenario could be invalidated, leading to a potential upward correction.
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🔥Subscribe to our Telegram channel🔥
🔥Every day 1 FREE signal 🔥
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🔥Every day 1 FREE signal 🔥
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.