$SPK / USDT — Short-Term Downward Momentum
SPK is trading around 0.0214 after a sharp impulse move up and rejection from the 0.0217–0.0218 resistance area. On the 15M timeframe, price has started to lose momentum, printing a pullback candle after a lower high, suggesting short-term distribution following the rally.
Direction: Short
Entry Zone:
0.0214 – 0.0217
Targets:
TP1: 0.0210
TP2: 0.0205
TP3: 0.0200 (key demand zone)
Stop Loss:
Above 0.0220
Bias:
Bearish in the short term while below 0.0218. Failure to reclaim this level keeps pressure to the downside, favoring a corrective move toward 0.0210 → 0.0200. A clean breakout and hold above 0.0220 would invalidate the short setup and shift bias back to bullish continuation.$SPK
{spot}(SPKUSDT)