$SPK

USDT BEARISH CONSOLIDATION – BREAKDOWN LIKELY BELOW SUPPORT

$SPKUSDT is trading at $0.038389, showing a -1.23% decline today. The price is struggling to hold above the $0.03900 resistance zone, and multiple rejection wicks suggest weakness, increasing the probability of a further downward move.

🔑 Key Levels:

Support: $0.03750

Resistance: $0.03950 (immediate), $0.04100 (major)

📉 Trade Setup (Short):

Entry Zone: $0.03850 – $0.03900

Take Profit Targets:

TP1: $0.03750

TP2: $0.03650

TP3: $0.03500

Stop Loss: $0.04000

🌐 Market Outlook: The market structure indicates bearish consolidation with lower highs. Failure to break and sustain above $0.0395 will keep the pressure downwards, with the next major support at $0.03500 if $0.03750 fails.

⚠️ Risk Management: Always use SL at $0.04000 to limit unexpected reversals. Trade with calculated position size to protect capital during volatile moves.

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