$SPK /USDT BEARISH BREAKDOWN IN PROGRESS 🔻🔥 – SUPPORT UNDER THREAT

$SPK, a newly listed DeFi token, is sliding hard after a sharp rejection from the $0.0520 level. Now down -6.90%, the price is testing key support at $0.0436, with weakening volume suggesting an impending bearish continuation unless bulls step in fast.

📉 CURRENT PRICE: $0.04361

📊 24h High / Low: $0.05208 / $0.04291

📉 24h Volume: SPK – 600.73M | USDT – 28.57M

📉 Sentiment: Aggressive sell-off, weak bounce attempt

🔍 KEY TECHNICAL LEVELS:

🔼 Resistance 1: $0.04600 – Immediate intraday rejection

🔼 Resistance 2: $0.05000 – Breakdown origin zone

🔽 Support 1: $0.04290 – 24h low

🔽 Support 2: $0.04000 – Next strong demand area

🔽 Support 3: $0.03750 – Oversold reaction zone

💥 TRADE SETUP – SHORT POSITION IDEA

📌 Entry Zone: $0.04360–$0.04450 (on weak retest)

🎯 Take Profit Targets:

TP1: $0.04200

TP2: $0.04000

TP3: $0.03750

🛑 Stop Loss: $0.04650 (above failed support)

🛡️ RISK MANAGEMENT:

✅ Limit risk to 1–2% of your capital

✅ Scale out at TPs to lock in gains

✅ Always wait for confirmation below support before entry 💼📊

🚨 SUMMARY: $SPK is clearly under heavy selling pressure, struggling to hold above $0.0436. If $0.0429 breaks, expect a swift slide toward $0.0400 or lower. Trade with discipline and protect your capital! ⚠️📉

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