SPK – Failing to hold the highs, this looks heavy and ready to roll over

Trading Plan Short SPK

Entry: 0.0250 – 0.0258

SL: 0.0272

TP: 0.0230

TP: 0.0210

TP: 0.0190

Price pushed up but couldn't sustain the momentum. Now it's drifting lower with sellers stepping in at every bounce. The structure is weakening and buyers are losing control. When a coin fails to hold gains after a pump and starts breaking down like this, the unwind usually follows fast. I'm confident this has more downside coming.

Risk Note:

Stop loss sits above the recent high at 0.0272. If price breaks back above that, the short thesis is invalid. But as long as it stays below, this looks ready to drop. Take partials and let the rest ride lower.

Trade $SPK here 👇

SPKUSDT

Perp

0.036

-1.90%