$SPK
USDT BEARISH MOVE AHEAD – WATCH THIS BREAKDOWN CLOSELY
SPK is showing weakness after failing to hold above the $0.0400 resistance zone. The recent rejection and quick fall indicate potential further downside momentum if support levels don’t hold.
🔑 Key Levels:
Resistance: $0.0400 (strong rejection zone), $0.0410 (24h high)
Support: $0.0381 (near current price, last local support), $0.0365 (next major support)
Current Price: $0.038384
📉 Trade Setup (Short Entry):
Entry Zone: $0.0385 – $0.0390
Take Profits:
TP1: $0.0375
TP2: $0.0365
Stop Loss: $0.0402
📊 Market Outlook: SPKUSDT is trading below its recent highs with bearish candles forming after rejection. Momentum indicates selling pressure dominating as long as it stays below $0.0400. If $0.0381 breaks clearly, rapid downside towards $0.0365 is expected.
⚠️ Risk Management: Use 1-2% of your capital per trade with strict SL. Avoid overleveraging in choppy markets to protect your portfolio from unexpected spikes.
#CryptoTrading #SPKUSDT #ShortSignal #MarketAnalysis #RiskManagement
buy and trade here on $SPK