spell

has been grinding in a pretty tight range lately, but that recent big impulse candle on solid volume really caught my eye — it smashed through resistance and reclaimed the MA99 area around 0.0002538–0.000254 like it meant business. Price is hovering near 0.000258 right now (with the 24h high sitting up at ~0.000264), so the momentum feels like it's shifting bullish, especially if buyers can keep defending that reclaimed zone. The cleaner, higher-probability long here is waiting for a proper breakout continuation rather than jumping in early.
For Setup 1 (the safer one with confirmation): Hold off until we get a decisive break and hold above 0.0002640 — ideally a solid close on the 15m or 1H chart to filter out any weak fakeouts. That's the level where the previous high rejected, so pushing through it cleanly with follow-through volume would scream continuation. Once you're in, place your stop-loss around 0.0002550 if you want it tight (right under recent structure), or give it more room at 0.0002480 to survive a deeper retest without getting shaken out prematurely.
Profit targets look logical in stages to keep things balanced: Grab TP1 at 0.000270 — that's a quick scalp area to take some off and breathe easier. Then TP2 around 0.000285, which could act as next resistance or extension. If the volume stays hot and we don't see fading momentum, let a small runner ride toward 0.000300–0.000310 for the bigger swing potential.
Management-wise, super simple: After hitting TP1, slide your stop to breakeven (or just under the current price area like 0.0002580) so the rest of the trade is basically free. That way you're protecting gains without killing the upside.
Invalidation is straightforward — if we break above but then slam back with a strong close below 0.0002530–0.0002550 (losing the MA99 and momentum zone), call it a failed breakout and get out quick. No point fighting the tape if sellers reclaim control.
Overall, this feels like a solid momentum setup if $SPELL can confirm that breakout — the impulse + MA reclaim is textbook bullish fuel, but patience for the 0.0002640 flip is key to avoid chop. Watch volume closely on any push higher; that's what'll tell you if it's real legs or just a trap. Stay sharp and size accordingly — good luck if you're eyeing this one! 🚀