$SPELL /USDT
Current Price: 0.0001774
#Trend Structure
Market recently made a strong spike to 0.0001919 and now holding above short-term support. Structure shows short-term bullish momentum after consolidation.
EMA / MA Position
Price is trading above MA7 MA25 and near MA99, showing buyers gaining control.
#RSI Analysis
RSI around 75 which means the market is overbought. A small pullback is possible before the next move.
Support → 0.0001710
Major Support → 0.0001670
Resistance → 0.0001825
Major Resistance → 0.0001919
Trade Setup
Long Position
Entry → 0.0001740 – 0.0001760
Stop Loss → 0.0001685
Take Profit
TP1 → 0.0001820
TP2 → 0.0001880
TP3 → 0.0001915 Short Position (If Rejection)
Entry → 0.0001880 – 0.0001910
Stop Loss → 0.0001955
Take Profit
TP1 → 0.0001780
TP2 → 0.0001715
Conclusion
Bias slightly bullish but overheated. Best strategy is buy the dip near support instead of chasing the pump.
