$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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