š» $SPK USDT SLIDING STEADILY ā BEARS IN FULL CONTROL!
$SPK has been bleeding out since rejection at $0.0354, breaking down candle after candle. The latest bounce is minor and weak ā no bullish volume confirmation. This setup favors short sellers as the price flirts with the daily low of $0.0326, threatening deeper cuts.
š Trade Setup (SHORT):
Entry Zone: $0.0328 ā $0.0332
Take Profit 1: $0.0317
Take Profit 2: $0.0302
Stop Loss: $0.0341
š§ Market Outlook:
The trend remains bearish with consistent lower highs and lower lows. Selling pressure is outweighing buy demand. Until the $0.0340ā$0.0350 zone is reclaimed with strength, the downside pressure remains dominant. RSI and MACD likely confirm the bearish momentum on higher timeframes.
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buy and trade here on $SPK