$SPK is showing bullish continuation after rejection from a strong resistance zone. Price is trading below EMA50 & EMA200, confirming upside pressure.
๐ Setup:
Clear rejection from resistance
Lower highs structure forming
Weak momentum + selling dominance
๐ฏ Targets:
TP1: 0.0515
TP2: 0.0450
โ ๏ธ Strategy:
Look for short entries on pullbacks
Wait for retest + rejection confirmation
Keep stop-loss above 0.0670
๐ฅ Alternative Scenario:
Break above resistance โ potential bullish reversal
โ ๏ธ Note: Donโt chase trades โ manage risk and leverage wisely!
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SPKUSDT
Perp
0.01966
+0.20%