$SPELL L SHORT TRADE SIGNAL – BEARS SHOWING PRESSURE

SPELL is struggling to hold above 0.0004890 after repeated rejections near 0.0004924 resistance. Price is consolidating below the 25-MA, signaling weakness, while the overall structure favors a downside continuation if support cracks.

Trade Setup (Short Entry):

Entry: 0.0004890 – 0.0004910

Target 1: 0.0004860

Target 2: 0.0004820

Stop Loss: 0.0004940

Market Outlook:

As long as SPELL stays under 0.0004924 resistance, bearish momentum dominates. A clean breakdown below 0.0004860 may trigger further declines.

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