$SPK USDT BEARISH BREAKDOWN — RETESTING SUPPORT ZONE AFTER STRONG SELL-OFF 🔻
Price has dropped significantly and is now retesting the previously broken support area around 0.0506. This zone, once a base, has now turned into potential resistance. If this retest fails to reclaim support, further downside continuation is likely. Sellers are still in control, and bearish momentum remains strong.
Trade Setup: $ Short Trade Signal 🔴
Entry Point: 0.0506 – 0.0512
Stop Loss: 0.0535
Take Profit:
1. 0.0480
2. 0.0450
3. 0.0420
Margin: 2-3% of wallet
Leverage: 10x
Market Outlook:
Volume spikes and back-to-back bearish candles suggest sellers are dominating. Rejection from resistance confirms weakness — caution for long positions.
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