$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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