$SPK /USDT Downtrend Alert After Sharp Pump
$SPK /USDT showed strong upward momentum earlier, reaching a 24h high of 0.1334. However, the price has now reversed sharply, indicating a potential short-term downtrend. The rejection at the top and strong bearish candle suggest selling pressure is taking over.
Current Price: 0.1137
Timeframe: 2-hour chart
Market Status: Bearish reversal after overextension
Trade Setup – Short Position
Entry Range: 0.1140 – 0.1160
Stop Loss: 0.1205
Target 1: 0.1075
Target 2: 0.1000
Target 3: 0.0950
Trade Analysis:
SPK is experiencing a strong pullback after a vertical pump. Volume is beginning to shift, and the long upper wick signals a failed breakout. If the price fails to reclaim 0.1200, the downtrend may deepen toward previous demand zones. Traders should look for confirmation on lower timeframes before entering.
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