$SPK USDT short tread signal 🛑 🚦
BEARISH REVERSAL – REJECTION CONFIRMED, DOWNSIDE INCOMING
SPKUSDT faced a strong rejection from the upper resistance zone near 0.041000, forming a clear bearish reversal candle on the 15m chart. Sellers have stepped in aggressively, indicating potential for a swift downside move towards key lower supports.
🔻 Trade Setup (Short)
Entry Zone: 0.039150 – 0.039250
Take Profit: 0.037775
Stop Loss: 0.040150
📉 Market Outlook:
Momentum has shifted bearish after multiple failed attempts to break above 0.041000 resistance. The price is now trading below the previous support-turned-resistance level around 0.039300, confirming a possible trend continuation down to 0.037800. Sellers remain in control unless price reclaims the upper resistance decisively.
⚠️ Risk Management: Always use stop loss as planned and avoid over-leveraging in high volatility conditions.