A bearish position has been confirmed for pair $SPK USDT - Upcoming decline 🔥
After the failure of a bullish attempt and repeated rejection of the resistance level 0.0470, the $SPKUSDT pair indicates a strong bearish trend. The price structure records lower highs, and the supply zone actively rejects breakout attempts. Sellers are in control - this looks like a perfect selling opportunity.
🔻 Short trade signal 🔻
Entry zone: 0.0418 - 0.0450
Stop loss: 0.0536
Take profit 1: 0.0250
Take profit 2: 0.0199
Take profit 3: 0.0152
Final target: 0.0102
Leverage: 10 times
Risk: 2-3% of your portfolio
📉 Market forecast:
SPK stock is experiencing a confirmed bearish trend with several lower highs and weak bullish attempts. Current candlestick patterns show exhaustion near the resistance level. Momentum favors the bears - a collapse seems inevitable #BTCbelow100k #MarketPullback #SaylorBTCPurchase #SwingTradingStrategy #CryptoStocks