retracements

🚨TECHNICAL ANALYSIS OF $SPELL 🚨

⭕$SPELL Major Price Breakout Observed

The $SPELL 15-minute chart reveals an impressive bullish trend, with the price surging to 0.0007695. This represents a substantial 37.21% increase in the past 24 hours, reflecting strong buying pressure and market interest.

⭕Key Price Movement and Surge Details

The price's rapid ascent from a recent low of 0.0005480 to a peak of 0.0009000 underscores the intensity of the upward movement, driven by significant trading volumes of 30.21 billion SPELL and 22.47 million USDT. This volume indicates both #highliquidity and robust market activity surrounding SPELL.

⭕Breakout Potential and Resistance Levels

This powerful uptrend suggests the beginning of a potential breakout phase. However, traders should monitor resistance around the 0.0009000 mark, where the price could encounter selling pressure.

⭕Strategy and Risk Management

Given the #highvolatility , it’s essential for traders to identify strategic entry and exit points while maintaining a strong focus on risk management. Preparedness for possible #retracements will help in effectively navigating this high-momentum environment.

🚨 TECHNICAL ANALYSIS OF #TRU 🚨

⭕Current Price Movement and Performance

TrueFi ( $TRU ) is experiencing a robust surge, trading at $0.1003 with an impressive 21.60% increase in the past 24 hours. The price has reached a high of $0.1062, breaking past previous resistance levels, which underscores the current strong #bullish trend.

⭕Market Sentiment and Trading Volume

With a substantial trading volume of 197.36 million $TRU , there is clear evidence of high buying interest driving this upward movement. This activity suggests strong support from traders, boosting #TRU momentum.

⭕Key Resistance and Support Levels

Traders should monitor the current high as a potential resistance level and be prepared for possible #retracements . Managing stop-loss levels strategically and securing profits along the way can help capitalize on this rally effectively.

⭕Trading Strategy and Risk Management

In this active market, keeping a close watch for any signs of a trend shift will be essential. Taking advantage of this momentum, while remaining vigilant on risk management, will be crucial for maximizing gains in $TRU

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