⚠️ $SPK
USDT BEARISH PRESSURE – DOWNTREND STILL STRONG!
$SPKUSDT is currently under heavy selling pressure with continuous lower highs and lower lows. Despite a minor bounce, bears remain in control unless strong support levels hold and bulls reclaim key resistances.
🔑 Key Levels:
Support: 0.0316 – 0.0320 (critical demand zone)
Resistance: 0.0335, 0.0345, 0.0351
Current Price: 0.0327
📉 Trade Setup (Short):
Entry: 0.0328 – 0.0330
Targets:
TP1: 0.0320
TP2: 0.0316
Stop Loss: 0.0336 (above minor resistance)
🌐 Market Outlook:
SPKUSDT remains in a strong downtrend with no confirmed reversal structure yet. Sellers dominate unless bulls break above 0.0335 with strong volume and momentum.
⚠️ Risk Management:
Risk only 1-2% per trade. Always use a stop loss to protect capital, especially in aggressive downtrends like this. Avoid over-trading in volatile consolidation phases.
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buy and trade here $SPK