$SPK 1H Setup Still Favors Sellers Below Key Resistance

LIMIT ORDER

$SPK SHORT SELL

ENTRY: 0.017411–0.017754 supply zone

TP1: 0.016183

TP2: 0.015212

SL: Above 0.017754 or above the swing high formed after confirmation

Market Outlook (1H)

SPK maintains a bearish structure on the 1-hour timeframe as long as price remains below the 0.017411–0.017754 resistance area. A rejection from supply followed by a bearish engulfing candle, rejection wick, or lower-timeframe breakdown could provide an opportunity for continuation toward 0.016183 initially, with extension toward 0.015212 if selling pressure accelerates. The bearish thesis becomes invalid if price closes decisively above 0.017754 and holds the level with strong bullish structure, opening the door for a move toward 0.019003 and 0.019501.

SPKUSDT

Perp

0.01741

+2.59%