#SPK
$SPK USDT Short Trading Signal 🔻🔥
Rejection from the local top — bears are quickly gaining control!
After a massive pump of +87%, $SPKUSDT shows signs of exhaustion under the key resistance area near 0.2000. The price has failed to hold the higher levels and is now retracting with strong bearish momentum. This opens a high-probability short opportunity before another downtrend unfolds.
🔹 Trade Setup:
• Entry Zone: 0.1450 – 0.1550
• Take Profit 1: 0.1300
• Take Profit 2: 0.1150
• Stop Loss: 0.1650
• Leverage: 10x
• Risk per Trade: 2–3% of the portfolio
📉 Market Outlook:
Trading volume is shrinking after the pump, and price action is moving into a distribution phase. A lower high has already been confirmed on the lower timeframes. If bulls fail to reclaim 0.1600+, the movement is likely to continue downward towards the demand area of 0.1000.