$SPK /USDT Short Setup in Play 🔻📉
$SPK has returned to a broken support zone, now acting as resistance. Following a failed breakout attempt, the price is showing rejection between $0.03345–$0.03400. This indicates a potential lower high and increasing selling pressure.
🚨 Short Trade Setup:
• Entry: $0.033462
• Stop Loss: $0.034035
• Take Profit: $0.032035
• Leverage: 10x
• Risk Allocation: 2–3% of wallet
📊 Technical View:
The price structure is leaning bearish, with momentum fading. Unless bulls reclaim $0.0340 with strong volume, the price is likely to continue its descent toward lower support levels. This setup presents a solid risk-to-reward short opportunity.