$SPK – REJECTION AT RESISTANCE, BEARS GAINING CONTROL
$SPK /USDT attempted a recovery from $0.0736 but faced strong rejection near $0.0780, failing to sustain higher levels. Price has now slipped back to $0.0767, showing that sellers are active around resistance zones. If momentum weakens further, another retest of the lower range is likely.
Trade Setup:
❌ Short Entry: $0.0765 – $0.0775
🎯 Targets: $0.0754 – $0.0744 – $0.0736
✅ Stop Loss: Above $0.0785
The rejection wick at $0.0780 highlights strong supply pressure, suggesting bulls are struggling to break higher. Unless $0.0785 is reclaimed with volume, bears are in control and further downside pressure is expected.
