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sell spell .013 would be generous their is also a possibility that this short is premature and spell will touch .029 before it goes back down. If it will touch .029 it will happen soon. Do what you would like, short long buy sell. I don't care. I just had to type jargon so that I would be able to publish my idea. Entry point for me would be around .016 but only if i get to dump my ddx beforehand and somehow the timing just lucks out perfectly. DDX is a good investment so is Spell. But my timing could have been worse. 🐻💸
COINBASE:SPELLUSDShort
by TeddyBands
2
SPELL predictionAfter an aggressive selloff that brought SPELL to sharply to $0.006 in early December, SPELL was able to recover again, and started a new uptrend. In the second wave, the current trend was able to break its downtrend line and reached today the 0.382 Fib level. Now the price has been rejected in that area. Moreover, the Stochastic is also oversold on the daily TF and we will probably have a bearish cross on the stochastic in the next hour. Last 2 times that happened, on 3.11 and 9.12, SPELL had experienced a strong move down. Considering SPELL is up 350% in the last 3 weeks, we can expect a pullback to happen. We can expect a pullback near the $0.019 area. From there, if the support holds, we might see a bounce again. If the support fails, $0.014 zone is the next support.
FTX:SPELLUSDShort
by CryptoKoryoDefi
1