technical analysis post for $SPK
/USDT, featuring a bearish trend setup with an entry zone, two targets šÆ, and a stop loss:
š» $SPK /USDT ā Bearish Pressure Building!
$SPK is showing signs of weakness as it continues to reject near the 0.0400 level. The lower highs and failure to hold key support hint at further downside.
š Technical Setup:
š¹ Entry Zone: 0.03770 ā 0.03750
šÆ Target 1: 0.03700
šÆ Target 2: 0.03620
š Stop Loss: 0.03880
SPK is currently trading around 0.03752 (-0.40%) with sellers dominating the short-term trend. A breakdown below 0.03720 could accelerate bearish momentum.
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