$SPK /USDT broke out of a consolidation phase around $0.03915, rallied sharply to $0.04074, and then began a structured downtrend. A quick W-shaped formation was seen, bouncing from a major low, but the move failed to sustain above $0.03923, forming another lower high before fading back to $0.03803.
Price is now stuck in a tight zone, awaiting a breakout or deeper pullback.
Potential LONG Setup (if breakout confirms):
Entry: $0.03810
TP1: $0.03890
TP2: $0.03950
TP3: $0.04040
SL: $0.03750
A clean break above $0.03923 could reignite bullish momentum. However, failure to hold $0.03800 risks further downside.