$SPK /USDT short trade signal 🛑 🚦
BEARISH REVERSAL EYEING DEEPER PULLBACK
$SPK is losing momentum after failing to hold above the 0.0880 resistance zone. Sellers are pressing lower, breaking key intraday supports, and signaling a potential slide toward deeper demand zones if 0.0840 gives way. The lack of strong bullish follow-through and declining volume point to a short-term bearish bias.
Trade Setup (Short)
Entry Zone: 0.0855 – 0.0867
Take Profit 1: 0.0838
Take Profit 2: 0.0818
Stop Loss: 0.0884
Market Outlook:
Momentum indicators are tilting bearish with weakening price structure on the 1H and 4H charts. If 0.0840 is breached decisively, a quick test of 0.0818 is likely. Only a sustained close above 0.0885 would invalidate the short bias and shift sentiment back toward bullish recovery.
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