$SPK /USDT BEARISH SHORT SETUP WITH CONTINUED DOWNSIDE PRESSURE
$SPK/USDT is displaying strong bearish momentum following a 10.10% decline, breaking below key support levels. The price action suggests sellers remain in control with no immediate reversal signs.
Entry: Initiate short below 0.0900 on confirmed breakdown with rising volume
Take Profit Targets:
TP1: 0.0850 ā Next support zone
TP2: 0.0800 ā Psychological level and further support
Stop Loss: Place SL above recent resistance at 0.0940 to manage risk.
Risk Management: Limit risk to 2% of trading capital per trade. Use tight stops due to high volatility and watch for any reversal signals before adding to positions.
$SPK/USDT presents a clear bearish opportunity with well-defined entry and exit points for traders capitalizing on the downtrend.
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