$SPK
USDT BEARISH MOMENTUM – PRICE BLEEDING TOWARDS NEW LOWS ⚠️
SPK is showing consistent selling pressure on the 15m chart with no strong reversal signs yet. Bears have full control, pushing price closer to key support levels. A breakdown from current structure may trigger further downside.
🔹 Key Levels
Resistance: $0.0390 – $0.0400
Support: $0.0373 (current support), next at $0.0365
Current Price: $0.0375
🔻 Trade Setup (Short)
Entry Zone: $0.0375 – $0.0378
Targets:
➤ TP1: $0.0370
➤ TP2: $0.0365
Stop Loss: $0.0383
📊 Market Outlook SPK remains in a clear downtrend with lower highs and lower lows. Selling volume sustains dominance, indicating potential continuation towards the next support if buyers do not step in quickly.
💡 Risk Management Always use tight stop losses in fast-moving downtrends to protect capital and re-enter on pullbacks if trend strength persists.
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buy and trade here on $SPK