$SPK /USDT BEARISH BREAKDOWN IMMINENT – BEWARE THE SLIDE BELOW KEY SUPPORT
Market Next Move:
$SPK/USDT has shown a clear rejection from the 24h high of 0.046849 and is now trading significantly lower at 0.040233 (-9.08%). The price is hovering just above the recent low of 0.038952, signaling weak buying interest and increasing downward pressure. This forms a bearish structure on the intraday chart, especially with repeated lower highs and an inability to sustain above 0.0413–0.0419, a crucial short-term resistance band.
Trade Setup:
🔻 Short Entry: 0.0405–0.0402
🎯 Targets (TP): 0.0385 / 0.0369
🛑 Stop Loss (SL): 0.0422
Market Outlook:
Unless buyers step in aggressively, $SPK is at risk of slipping further. The weak volume recovery and downward momentum suggest sellers are in control, and a break below 0.0389 could trigger more downside. Caution is advised for long positions unless a strong reversal with volume appears.
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buy and trade here on $SPK
