$SPK Momentum Reversal Trade Setup: Bears Take the Wheel After Parabolic Rise

After an explosive move from the $0.091 zone to a high of $0.133, $SPK is now showing strong signs of exhaustion. Multiple red candles on the 1-hour chart signal fading buyer strength and rising bearish momentum. A clean lower high is forming, and price has now broken below the $0.118 support, turning it into resistance.

SHORT Trade Setup:

Entry Zone: $0.11450 – $0.11650

Stop Loss: Above $0.11950

Target 1 (TP1): $0.10800

Target 2 (TP2): $0.10200

Target 3 (TP3): $0.09600

Analysis Insight:

Volume has slowed post-pump, and the red dominance (75.02%) in the order book confirms sell pressure. If $SPK fails to reclaim $0.118, this setup favors short traders targeting a 10–15% correction from local highs.