$SPK /USDT – SHORT-TERM BEARISH, WEAK RECOVERY TRY
After a heavy sell-off from the 0.1064 peak, $SPK has slipped to the 0.0877 low before attempting a mild bounce. The current uptick lacks strong momentum and faces resistance near 0.0920–0.0940, keeping sellers in control unless a decisive breakout occurs.
Trade Setup (Short Bias):
Entry Zone: 0.0898–0.0915
Take Profit 1: 0.0882
Take Profit 2: 0.0865
Stop Loss: Above 0.0930
Market Outlook:
Order book shows 70% buy pressure, but given the sharp prior drop, this looks like a relief bounce rather than a trend reversal. If price fails to hold above 0.0895, expect renewed selling towards recent lows. Only a strong reclaim of 0.0940 would challenge the bearish bias.
