$SPK /USDT short trade signal 🚦 🛑
BEARISH BREAKDOWN TARGETING LOWER SUPPORTS
$SPK/USDT has experienced a sharp breakdown from the 0.0980–0.1009 supply zone, confirming strong selling pressure. Price has failed to hold key intraday supports and is now consolidating just above 0.0910. If sellers maintain control, a deeper drop toward the 0.0740 demand zone is on the table.
Trade Setup (Short):
Entry Zone: 0.0917 – 0.0925 (retest of breakdown area)
Take Profit 1: 0.0898
Take Profit 2: 0.0867
Take Profit 3: 0.0740
Stop Loss: Above 0.0935
Market Outlook:
Momentum is heavily bearish with 78% sell-side dominance on the order book. The breakdown from a multi-hour range has shifted the trend in favor of bears, and failed recovery attempts above 0.0925 could accelerate the sell-off.
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