$SPK
USDT BEARISH BREAKDOWN ā WEAKNESS SHOWING BELOW CRUCIAL SUPPORTS šØ
Current Price: $0.030055
$SPKUSDT is currently trading with mild bearish pressure after failing to reclaim upper resistance levels. The price has been unable to hold above $0.0310, indicating potential downside continuation in the short term.
š Key Levels:
Resistance: $0.0310 ā $0.0315
Support: $0.0300 (immediate), further strong support near $0.0290
š Trade Setup (Short):
Entry Zone: $0.0300 ā $0.0302
Targets:
TP1: $0.0295
TP2: $0.0290
Stop Loss: $0.0312
š” Market Outlook:
Overall trend remains slightly bearish as the price is forming lower highs and struggling to maintain bullish momentum. A breakdown below $0.0300 could trigger accelerated selling pressure towards $0.0290 support.
ā ļø Risk Management:
Always use stop-loss to protect capital. Limit exposure to 1-2% of your portfolio per trade, as the market volatility can lead to sharp reversals.
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