$SPK USDT BEARISH BREAKDOWN – SUPPORT LOST, MORE DOWNSIDE AHEAD 🔻
$SPKUSDT has officially broken below a crucial support zone around 0.050000 after multiple rejections, confirming a bearish structure on the 1H timeframe. The price is now trading around 0.046000 with increasing selling pressure, indicating potential for a further drop toward the next support levels.
Trade Setup: Short Trade Signal🔴
Entry Point: 0.046000
Stop Loss: 0.050500
Take Profit:
TP1: 0.044200
TP2: 0.042500
TP3: 0.040000
Margin: 2–3% of wallet
Leverage: 10x
Market Outlook:
The market sentiment for SPK remains weak, with a clear breakdown of the consolidation zone. Unless reclaimed quickly, bears will remain in control. Caution is advised for long positions.
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