$SPK

USDT BEARISH CONTINUATION – WEAK BOUNCE BEFORE FURTHER DROP

The 1H chart of $SPKUSDT shows a clear downtrend with weak bullish candles failing to reverse the momentum. Current price is 0.03207, slightly up, but the structure remains bearish as it struggles below previous intraday resistances.

🔑 Key Levels:

Support: 0.03058 (24h low)

Resistance: 0.03350 – 0.03400 (previous breakdown zone)

Current Price: 0.03207

📉 Trade Setup (Short Entry):

Entry Zone: 0.03250 – 0.03300 (on minor retracement)

Take Profit Targets:

TP1: 0.03150

TP2: 0.03100

TP3: 0.03060 (24h low retest)

Stop Loss: Above 0.03360

💡 Market Outlook:

Overall momentum remains bearish with lower highs and lower lows forming consistently. Unless there is a strong reclaim above 0.03350, sellers are likely to maintain control and push towards the recent lows.

⚠️ Risk Management:

Only risk 1-2% of your portfolio per trade, use strict stop-loss placement, and avoid over-leveraging in such trending market setups.

💬 Comment “🔥” if you think this bearish move will extend further today!

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