$SPK /USDT SHORT TRADE SIGNAL🔴
BEARISH RETEST AFTER FAILED RECOVERY
STRONG REJECTION NEAR $0.0415
DOWNTREND PERSISTS WITH LOWER HIGHS
SPK attempted a weak bounce but got rejected below the $0.0415 resistance, forming another lower high. Price action remains bearish with volatility spikes and no bullish follow-through. The $0.0400 level is the next key breakdown zone.
Trade Setup:
• Entry Point: $0.0408 – $0.0412
• Stop Loss: $0.0420
• Take Profit:
• TP1: $0.0400
• TP2: $0.0395
• TP3: $0.0388
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
SPK remains in a downtrend, struggling to recover above previous support-turned-resistance. If $0.0400 is lost again, further selling pressure may drag it down to new local lows.
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