The fact that $SPKUSDT is struggling to hold above 0.02619 is a massive red flag, especially with a clear liquidity sweep below detected, which suggests that smart money is waiting to short this coin aggressively. Looking at the higher time frames, it's clear that the trend is bearish, with the RSI sitting at 40, indicating that there's still room for a potential downturn. The current volume is 1.0x, which is relatively low, but the SMC Score of 6.6/10 suggests that there's a decent amount of conviction behind this move.
From a technical perspective, we're seeing a clear order block zone forming, with a potential liquidity sweep below waiting to be triggered. This is a classic short setup, and with the bearish trend in full swing, it's hard to argue against a short position. The RSI is not oversold yet, which means that there's still potential for a move down.
Here are the trade levels:
- Entry: 0.02756
- TP1: 0.02682 (RR 4.8x)
- TP2: 0.02571 (RR 12.1x)
- SL: 0.02771
Watch 0.027559 for entry confirmation, and make sure to short with a tight stop at 0.027712.
For my followers, let's keep a close eye on this one and be ready to pounce if the conditions are met. #BinanceSquare #SPK #CryptoSignals #Futures #SmartMoney