SPELL/USDT Perfect Break out. It required bounce to continue up!

💎 SPELL has recently become a standout in the market, achieving a breakout through a strong resistance area, accompanied by significant trading volume.

💎 Currently, SPELL is in a retesting phase at the support zone. To maintain its upward momentum, it's crucial for SPELL to demonstrate a strong bounce back from this area, setting its sights on reaching our targeted supply zone.

💎 However, if SPELL fails to hold above the support level and breaks down, it could descend further to the next lower demand area, located at $0.000531. This level is particularly critical as a strong bounce back is necessary to reclaim the support area and secure its position.

💎 Should SPELL fail to rebound at the $0.000531 demand area, it risks losing this level or breaking down further. In such a scenario, SPELL may transition into a bearish trend, potentially moving downwards towards a more significant demand zone.