$SPK BREAKDOWN ALERT – SELLING PRESSURE RISING FAST
SHORT TRADE SETUP – Targeting $0.04500 & $0.03300
SPK/USDT faced a heavy rejection from the $0.06359 high and is now trading at $0.05055, down -11.67% in the last 24 hours. Volume remains extremely high at 1.66B SPK, confirming a strong wave of profit-taking and bearish sentiment.
Trade Setup:
Entry Zone: Around $0.05000
TP1: $0.04500
TP2: $0.03300 (Major Support Zone)
Stop-Loss: Above $0.05897 (last failed bounce)
Analysis:
SPK has broken below intraday support levels with strong volume, indicating sellers are still in control. If the price closes below $0.04849, expect a continuation downward toward key support zones. Until buyers reclaim $0.05897, the short bias remains valid.
Stay cautious and manage your stop-loss wisely.
