$SPK USDT BEARISH SETUP – WEAK BOUNCE, SELL PRESSURE DOMINATES
SPK is currently trading at 0.030671, down 2.87%, showing a weak bounce from its 0.029840 low. The price remains below its 25 EMA (0.030747) and 99 EMA (0.031409), indicating the bearish trend is intact with no strong reversal signals yet.
TRADE SETUP (SHORT):
Entry: 0.03070 – 0.03090
Targets (TP):
• TP1: 0.03010
• TP2: 0.02960
Stop Loss (SL): 0.03140
MARKET OUTLOOK:
Overall market structure is bearish with lower highs and rejection near moving averages. For bulls to regain control, price needs to close above 0.03150, otherwise downside targets remain active for intraday traders.
Risk Management:
Keep position sizing minimal in low liquidity tokens and ensure SL is respected to protect equity.
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buy and trade here on $SPK