$SPK /USDT BEARISH STRUCTURE – SUPPORT BREAK LOOMING

📉 Current Price: $0.030905

🔻 24H Drop: -10.24%

📊 24H Volume: 213.53M SPK | $6.98M USDT

📉 24H Range: $0.034936 (High) – $0.030583 (Low)

🔍 MARKET OVERVIEW: BEARS IN CONTROL

$SPK has suffered a heavy decline, shedding over 10% in a single day and now flirting with its intraday low. Price action indicates a clear bearish trend, with lower highs and strong volume confirming distribution.

🔑 KEY TECHNICAL LEVELS

Resistance Levels:

$0.0320 – Immediate resistance

$0.0340 – Prior breakdown zone

$0.0360–$0.0380 – Heavy supply zone

$0.0420 – Major swing resistance

Support Zones:

$0.0305 – Immediate support (intraday low)

$0.0280 – Key historical support

$0.0250 – Potential final defense level

⚠️ TRADE SETUP: SHORT POSITION

🔻 Short Entry: $0.0310–$0.0315 (on weak bounce)

🎯 Targets (TP):

TP1: $0.0285

TP2: $0.0260

TP3: $0.0240 (if breakdown continues)

🛑 Stop Loss: $0.0342 (above rejection wick and resistance)

🧠 RISK MANAGEMENT NOTES

Keep risk to 1–2% per trade

Use tight SL, as volatility is high

Avoid chasing candles — look for bounce rejections

📌 SUMMARY: is in a clear downtrend and is testing crucial support at $0.0305. If this level breaks, the door opens for further downside. Any bounce toward $0.032–$0.034 may be viewed as a shorting opportunity unless bulls reclaim $0.036+ with volume.

Let me know if you want chart overlays with EMA/Fib levels or RSI divergence checks! 📊

#StrategyBTCPurchase #DYMBinanceHODL #TrumpVsMusk #NFPWatch #USNationalDebt $SPK