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$SPELL : Are you ready for the witch to cast the big bang spell? ๐ช ๐ข
โThe SPELL token is currently moving in an interesting technical zone on the 4-hour chart. After touching a peak at 0.0001859, we're seeing a slight pullback aiming to retest support areas to build a new launch pad.
โ๐ What got me to buy technically is as follows:
โCurrent price: the pair is trading at 0.0001778, with a slight dip of 1.33%.
โRSI Indicator: sitting at 41.8, giving good room for upward movement before hitting overbought territory.
โKDJ Indicator: shows the indicator has reached oversold areas (the lower part), which might signal an imminent bounce at any moment.
โ๐ฏ My trading plan:
โComfortable entry zone: between 0.0001740 and 0.0001770.
โTarget levels: 0.0001860 | 0.0001930 | 0.0002050 ๐.
โStop loss: break of the 0.0001610 level with a close of the 4-hour candlestick.
โSummary: Stability above the support zone at 0.0001705 enhances the chances of retesting the previous peak at 0.0002136.
โโ ๏ธ Disclaimer: Trading in cryptocurrencies is risky. This is purely technical analysis.
โWhat are your expectations for
$SPELL ? Share with us in the comments! ๐
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Quick trading here ๐๐ป
$SPELL ๐๐ป Happy trading ๐น
#SPELL๐ฅ๐ฅ #spell