Chasing $SPELL
after that violent spike to 0.0001194 is a guaranteed ticket to becoming exit liquidity.
That massive upper rejection wick shows aggressive whale distribution slamming price right back down. Recovery volume has evaporated, and I am going short on $SPELL right now to fade this overextended pump.
My setup details:
• Entry: 0.0001110 - 0.0001140
• TP1: 0.0001040
• TP2: 0.0000970
• TP3: 0.0000900
• Stop Loss: 0.0001210
Parabolic spikes with zero structural support always collapse fast.
after that violent spike to 0.0001194 is a guaranteed ticket to becoming exit liquidity.
That massive upper rejection wick shows aggressive whale distribution slamming price right back down. Recovery volume has evaporated, and I am going short on $SPELL right now to fade this overextended pump.
My setup details:
• Entry: 0.0001110 - 0.0001140
• TP1: 0.0001040
• TP2: 0.0000970
• TP3: 0.0000900
• Stop Loss: 0.0001210
Parabolic spikes with zero structural support always collapse fast.