$SPK /USDT – Possible Reversal Watch Zone
SPK has dropped significantly, down 17% today, and is now hovering just above its 24h low. The sharp sell-off has pushed the price into a potential short-term oversold zone on the 15-minute chart.
Current Price: 0.04675
Support Zone: 0.04600 – 0.04620
Resistance to Watch: 0.04820 – 0.04900
Setup Insight:
If SPK finds support at this zone and shows bullish volume or a reversal candle, a short-term recovery toward 0.048–0.049 is possible. However, if this support fails, expect continuation toward 0.045 or below.
Risk Management:
Avoid jumping in blindly. Wait for confirmation (e.g., bullish engulfing or volume spike) before any entry. Always place a tight stop if trading against the trend.
Pro Tip for Followers:
During sharp dumps like this, strong scalping opportunities appear. Watch for a bounce, but never enter without a signal and proper stop loss discipline.