$SPK USDT – SHORT-TERM BEARISH REVERSAL IN PLAY
After a sharp spike to 0.1120, SPK faced immediate selling pressure, forming a long upper wick that signals strong rejection. Price has retraced back near 0.1044, indicating momentum has shifted towards sellers. Unless bulls reclaim 0.1080 quickly, further downside towards key supports remains likely.
Trade Setup (Short)
Entry: 0.1046 – 0.1050
TP1: 0.1025
TP2: 0.1010
Stop Loss: 0.1062
Market Outlook: Selling momentum dominates in the short term. Break below 0.1020 could extend the correction, while only a sustained push above 0.1080 would neutralize bearish pressure.
