#SPELLUSDT (Watchlist) 6-2024

SPell has rebounded off its main support level at $0.0007, showing a potential formation of a bullish pattern, possibly an inverse Head & Shoulders or a Cup and Handle. A breakout above $0.00185 could propel the price to $0.0036.

Current levels suggest that averaging into a position now could be a prudent strategy, albeit with a cautious approach. It's crucial to monitor the key support level at $0.0007 closely, as falling below this could trigger a sell-off.

Consider for Watchlist:
When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges.

PS:
We avoid trading coins associated with gambling, prostitution, human trafficking, etc.

Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.

Best wishes to all,
we ask Allah reconcile and repay. 🙏