$SPK BEARISH TREND STILL ACTIVE – RECOVERY LOOKS WEAK

SPK/USDT has been in a steady decline from highs near 0.0834, recently touching a low of 0.0736 before bouncing slightly to 0.0769. While the recovery shows some buying interest, momentum remains weak and sellers are likely to stay in control unless price reclaims 0.0788 with strength.

Trade Setup:

Entry (Short): 0.0768 – 0.0775

Take Profit 1: 0.0740

Take Profit 2: 0.0715

Stop Loss: 0.0790

Market Outlook:

The short-term bias is bearish below 0.0788. A breakdown under 0.0735 could open the way for deeper declines, while only a strong breakout above 0.0790 would hint at a possible reversal. Traders should remain cautious with volatility expected around support zones.

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