$SPK (1h) - Range Breakdown Short

Bias: Short

Entry (Zone): 0.03550 - 0.03585

Targets:

TP1: 0.03485

TP2: 0.03430

TP3: 0.03355

Stop Loss: 0.03670

Why this Setup:

I still see the 4h bias leaning short while price is grinding inside a wider daily range, and the recent bounce looks tired after repeated lower highs. I want to fade strength into the overhead supply and catch a low-volatility breakdown if sellers keep control. The 1h structure favors continuation lower, and I’m using the current range edge as my trigger area with downside targets into the next liquidity pockets.

SPKUSDT

Perp

0.03691

+3.62%