🚨 $SPK BREAKDOWN ALERT – Bearish Momentum Accelerating
🔻 Short Trade Setup – Eyeing $0.04500 & $0.03300
$SPK /USDT was sharply rejected from the $0.06359 high and is now down -11.67% in the past 24 hours, trading at $0.05055. With trading volume surging to 1.66B SPK, there's clear evidence of aggressive selling and profit-taking.
Trade Setup:
• Entry Zone: Around $0.05000
• Target 1: $0.04500
• Target 2: $0.03300 (Major Support Level)
• Stop-Loss: Above $0.05897 (Previous bounce rejection)
Analysis:
SPK has broken through key intraday support on strong volume, signaling that bears are firmly in control. A close below $0.04849 would likely confirm further downside. The short setup remains valid as long as the price stays below $0.05897.
⚠️ Risk Management: Keep your stop-loss tight and stay alert — volatility is high.
