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SPELL TOKEN / TETHERUS PERPETUAL CONTRACT

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SPELLUSDT.P trade ideas

Spellusdt buy opportunitySPELLUSDT is currently exhibiting a large inverse head and shoulders formation, with the price presently forming the right shoulder. This pattern is typically a bullish reversal indicator, suggesting potential upward movement. Our focus should be on the accumulation zone, which presents a promising buying opportunity. The key price targets are indicated on the chart, providing a roadmap for potential gains. The primary phase of volatility is anticipated to commence once the price breaks above the neckline zone, confirming the pattern and potentially leading to a strong bullish trend. We should prepare for increased market activity at this critical juncture. Patience and strategic positioning in the accumulation zone will be essential for maximizing potential returns.
Long
by weslad
4
Spell Token (SPELL)On the above 2-day chart price action has corrected over 80%. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Price action corrects to past resistance/support. 3) Price action backtest is also the Fibonacci 0.236 4) Finally, the flag breakout projects a 150% target. Is it possible price action falls further? Sure. Is it probable? no. Ww Type: trade Risk: <=6% Timeframe: Longs from now until month end Return: 150%
Long
by without_worries
6
#SPELLUSDT (Watchlist) 6-2024SPell has rebounded off its main support level at $0.0007, showing a potential formation of a bullish pattern, possibly an inverse Head & Shoulders or a Cup and Handle. A breakout above $0.00185 could propel the price to $0.0036. Current levels suggest that averaging into a position now could be a prudent strategy, albeit with a cautious approach. It's crucial to monitor the key support level at $0.0007 closely, as falling below this could trigger a sell-off. Consider for Watchlist: When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges. PS: We avoid trading coins associated with gambling, prostitution, human trafficking, etc. Note: This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks. Best wishes to all, we ask Allah reconcile and repay. 🙏
Long
by HamadaMark
SPELL/USDT I BUY SETUP✔︎📈 BINANCE:SPELLUSDT SIGNAL ✔︎ENTRY : 0.0012200 🏓TARGETS : ✔︎ T1 : 0.0013196 ✔︎ T2 : 0.0014192 ✔︎ T3 : 0.0016183 ✘ STOP : 0.0011364 🚦Stop Trigger: • If you make capital management: Stop is activated when one candle opening and closing below the stop level of the same time frame of the signal. • If you don't make capital management: Stop is direct without waiting for the candle to close. 💡Risk management : • Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities. • Sell (25% to 50%) on (T1) and don't move your stop-loss. • Sell 50% on (T2) and move your stop loss to the entry point. • You are safe now, and the next 25% is up to you. 💡Reason for this trade: This trade gives my trading system a sign of strength: • My trading system is based on liquidity and reversal zones. • When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side. The liquidity will attract the price like a magnet. • the first side that has been swept: 1- range low 2- failure swing point • Opposite side targets: 1- range high 2- liqudity void 💡Entry setup 1- reclaim Volume profile VAL ⚠️WARNING: • I'm not a financial advisor. • Do your own research (DYOR).
Long
by HB_Trading1