$SPK /USDT – SHORT TRADE SETUP
OVEREXTENDED RALLY INTO RESISTANCE
SHARP REJECTION FROM LOCAL HIGH
EARLY SIGNS OF DISTRIBUTION ON 15M CHART
SPK pumped nearly +16%, hitting resistance at $0.0490 before pulling back with strong bearish candles. The 15m chart now signals profit-taking and fading bullish momentum.
🔴 Short Trade Setup:
Entry Zone: $0.0469 – $0.0475
Take Profit: $0.0442
Stop Loss: $0.0491
Market Outlook:
Unless bulls reclaim the highs quickly, SPK may retrace to earlier support levels. Scalpers can exploit the volatility for a quick downside play.
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