$SPK

. 📉 Beware of the false peak! Short selling opportunity for SPK

USDT - Short selling signal 🔴

🔻 The price of SPK has risen excessively to $0.1279

🔻 A lower peak is forming with the likelihood of a bearish divergence

The SPK coin has seen an increase of over 37% in the last 24 hours, reaching a local peak at $0.1279.

The price is now retreating below the resistance level with signs of price exhaustion, notably small candles and initial rejection at the peak.

The current scenario favors a short-term correction as bulls begin to take profits after the sharp rise.

📉 Proposed short sale setup:

Entry point: $0.1245 – $0.1265

Stop loss: $0.1290

Profit taking targets:

1️⃣ First target: $0.1150

2️⃣ Second target: $0.1075

Suggested margin: 2-3% of the portfolio

Leverage: 10x