$SPK /USDT SHORT TRADE SIGNAL🔴
REJECTION FROM $0.04100 HIGH 🔻
SERIES OF LOWER HIGHS CONFIRMING DOWNTREND 📉
BOUNCE STALLING NEAR $0.03862 – A RETEST OF BROKEN SUPPORT 🚫
SPK sharply rejected from the $0.04100 top and has continued its descent with minimal bullish reaction. The recent attempt to bounce from $0.03813 looks weak and is testing previous support-turned-resistance at $0.03862.
🔻 TRADE SETUP
• Entry Point: $0.03850 – $0.03870
• Stop Loss: $0.03910
• Take Profit:
◦ TP1: $0.03800
◦ TP2: $0.03740
• Margin: 2–3% of wallet
• Leverage: 10x
📉 Market Outlook:
SPK is displaying classic distribution and breakdown signs. As long as price stays below $0.03870, downside continuation is likely with potential for new session lows.
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