$SPK USDT short tread signal š š¦
BEARISH BREAKDOWN IMMINENT ā SHORT SETUP IN PLAY š»
Price has decisively rejected the major supply zone around 0.0500 and is now trading below key resistance levels, indicating a potential continuation to the downside. The formation of lower highs and bearish engulfing candles confirm selling pressure taking over. This short setup targets liquidity gaps left behind in the previous impulse move.
TRADE SETUP (SHORT TRADE SIGNAL š“):
Entry Zone: 0.04800 ā 0.04900
Take Profit 1: 0.04650
Take Profit 2: 0.04530
Take Profit 3: 0.04490
Stop Loss: 0.05020
Risk: 2ā3% of wallet
Leverage: 10x
MARKET OUTLOOK:
Momentum has shifted bearish after repeated rejections at resistance. The trend is leaning downward with volume thinning near supply. A clean breakdown below 0.04800 confirms continuation. Key support at 0.04490 could serve as the magnet for price.
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