$SPK - From Excitement to Reversal? Bears Have Taken Control! 📉
After a sharp rise to $0.0686, it has experienced a steady downward trend. The price is now hovering around $0.0413, struggling to regain resistance. This pattern suggests the possibility of continued decline with increasing selling pressure.
📊 Trading Setup (Short Idea):
• Entry Zone: $0.0413 - $0.0420
• Take Profit 1 (TP1): $0.03650
• Take Profit 2 (TP2): $0.03080
• Take Profit 3 (TP3): $0.02198
• Stop Loss (SL): $0.05310
Failing to regain the $0.045 area confirms weakness. Watch for declining trading volume and a weak candle close to confirm entry.
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