$SPK /USDT – BEARISH BREAKDOWN IN PLAY! 📉🚨

$SPK /USDT has taken a sharp -19.70% dip, signaling bearish momentum with volume confirmation at 40.61M USDT! Let’s dive into the current technical setup and potential trade opportunity. 👇

🔍 CURRENT PRICE: $0.046548

🕰️ Timeframe: 1D | Exchange: Binance

📉 KEY TECHNICAL LEVELS

Resistance Zones 🔴

R1: $0.04860 (near MA(7))

R2: $0.05037 (MA(99))

R3: $0.05518

Support Zones 🟢

S1: $0.04608 (24h low)

S2: $0.04533 (recent wick low)

S3: $0.04350 (next untested demand zone)

🎯 TRADE SETUP – SHORT ENTRY

Entry: $0.04650 (current price action zone)

Stop Loss: $0.04880 (above MA(7) and recent breakdown candle)

Take Profits:

TP1: $0.04530 ✅

TP2: $0.04350 🏁

TP3: $0.04180 🎯

> Confirmation: Price trading below all major MAs (7, 25, 99), with MACD showing increasing bearish divergence. 🔻

🛡️ RISK MANAGEMENT

Risk only 1-2% of capital per trade. Wait for bearish confirmation candle on 1H or 4H before entering. Avoid over-leveraging in high-volatility DeFi tokens like SPK.

🚫 Always use a stop loss — protect your capital first! 💼

📉 Trend is your friend — until it bends. Ride the wave down, but protect your position! 💣📊

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