$SPK Today's Pro Futures Plan for $SPK/USDT (17 Jun 2025 | 13:56 UTC)

• Trade Direction: Short (Price in strong downtrend, -9.71% last move, no clear support, high selling volume)

• Entry Zone: 0.0555 – 0.0565 (retest of breakdown level or minor pullback into resistance)

• Stop-Loss: 0.0584 (above recent swing high and logical resistance)

• Risk/Reward Ratio: 1:3 (Stop: 0.0029, Target 1: 0.0530, Target 2: 0.0500)

• Profit Targets:

• Target 1: 0.0530 (recent swing low & psychological support)

• Target 2: 0.0500 (next major support level)

• Exit Strategy: Move stop to breakeven after Target 1, trail below 15m swing highs.

• Strategy Explanation: Downtrend confirmed by sharp price drop and high sell volume. No MA support, indicating bearish momentum.

• Volume Profile: Extremely high sell volume (903M), suggesting strong bearish conviction.

• Leverage Note: Low (2x–3x) due to high volatility and thin liquidity.

• Market Sentiment: Strongly bearish; no signs of reversal, aggressive selling pressure.

• Invalidation Level: Close above 0.0585 (potential short squeeze or reversal)

• Alternative Scenario: If price breaks 0.0585, watch for long setup with SL at 0.0550, targeting 0.0610.

Disclaimer: Futures trading is highly risky. This analysis reflects my personal view and is not financial advice. Always do your own research and trade responsibly.