Here is your technical analysis post for the provided chart:
$SPK USDT BEARISH PRESSURE – CONSOLIDATION BREAKDOWN IMMINENT!
$SPK USDT is showing bearish signs on the 15-min chart after failing to hold above 0.0399 resistance, currently trading at 0.03876. The price is making lower highs with declining volume, indicating weakening buying interest and potential for further downside.
🔴 Trade Setup (Short):
Entry: 0.03870 – 0.03880
Target 1: 0.03820
Target 2: 0.03760
Stop Loss: 0.03940
📉 Market Outlook:
MACD remains below zero with negative histogram bars while RSI is near 37, suggesting bearish momentum continues until it enters oversold territory. Watch for a breakdown below 0.03820 for accelerated selling.
⚠️ Risk Management:
Use 2-3% wallet allocation, maintain strict stop-loss, and secure profits partially at each target for disciplined trading.
#SPKUSDT #BearishSetup #CryptoSignals #TechnicalAnalysis #ShortTradeSuccess
buy and trade here on $SPK
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