⚠️ $SPK /USDT — Massive Spike Followed by Rejection 🟥

$SPK has surged an incredible +469.68%, reaching a 24H high of $0.069000 from a low of $0.010000. However, the current candle shows strong selling pressure with a large upper wick, indicating a rejection at the top and potential for a retracement.

This kind of vertical rally is often unsustainable without consolidation. The current price at $0.056968 is slipping from local highs, suggesting that early buyers may start taking profits.

📉 Bearish Setup:

Entry Zone: $0.057 – $0.0585

Take Profit 1: $0.045

Take Profit 2: $0.036

Take Profit 3: $0.028

Stop Loss: $0.0615

If SPK fails to reclaim $0.0600 and closes below $0.0550, more downside may follow due to exhaustion and FOMO fading.

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