⚠️ $SPK

USDT BEARISH REVERSAL: SELLERS TAKE CONTROL AFTER FAILURE TO HOLD ABOVE $0.04300 ⚠️

Current Price: $0.041113 (+0.84%)

📊 Key Levels:

Support: $0.04000

Resistance: $0.04300 (immediate), $0.04510 (recent high)

$SPKUSDT showed a strong bullish move earlier but faced heavy rejection near $0.04510, leading to sharp selling pressure. Price is now trading below the key support-turned-resistance at $0.04300, indicating a short-term bearish reversal if it fails to reclaim this zone.

🚨 Trade Setup:

Entry (Short): $0.04150 – $0.04200

Take Profits:

TP1: $0.04050

TP2: $0.03900

TP3: $0.03750

Stop Loss: $0.04310

📉 Market Outlook: Momentum has turned bearish after a strong sell-off candle on the 1H timeframe. If price continues to stay below $0.04300, further downside targets are likely to be achieved with increasing seller dominance.

⚠️ Risk Management: Always risk only 1-2% of your capital per trade. Adjust stop-loss to breakeven once TP1 is achieved to lock profits and manage risk effectively.

💡 Comment 👇 if you’re trading this bearish setup today!

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