$SPELL preparing for huge move- Triangle breakout done very well and now we are in test level. Time to open position here.
- Zoomout the chart, #SPELL in a weekly major support
SPELLUST trade ideas
SPELL short gartley c-d leg painting currentlySPELL begging to be shorted here. Textbook gartley being painted. Hidden divergence on oscillators, continuation to the downside implied. Fundamentals on this thing fell apart, the community it was built around was revealed to be led by a scammer. rest of market bouncing today but spell leading decliners. im short.
SPELLUSDT is creating a pennantSPELLUSDT is creating a pennant below the daily resistance.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
SPELLUSDT is trying to have a breakout 🦐SPELLUSDT is trying to have a breakout from the descending channel.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Buy SPELLHi Traders
SPELL looks like a buy to me. Always consider that Crypto depends a lot on BTC when trading small cap coins like this. For me both look good at the moment.
SPELL looks like having a comeback!After a massive dump on listing, SPELL has been rising steadily.
It's very probably mostly bots as the price ranges fir Fib levels, too well to say the least.
However as reaching ATH, moving above the top resistance will enable a parabolic rise.
Stop below the trend at a point comfortable with your risk apatite.