SPK Bearish Signal Formed! Above 0.50 indicates false strength, and the intraday downside space has opened.

Current Price: 0.501

Straightforward conclusion: SPK’s current structure is biased bearish, continuing the downward trend after a weak rebound, with a higher probability of oscillating downward within the day rather than reversing upward.

1. 4-Hour Level: Rebound has ended, bears have re-taken control

Limited rebound strength after previous decline, no new highs

High points gradually decline, forming a resistance structure

MACD shows a death cross below the zero line twice

Bollinger Bands opening downward, price trading below the middle band

Core judgment:

The 4-hour chart indicates a weakening after the rebound, with a clear bearish trend

2. 1-Hour Level: Bearish momentum has emerged

Continuous pattern of “decline → weak rebound → decline again”

Moving averages are arranged in a bearish alignment (MA20 clearly suppressing)

Rebound with low volume, insufficient support

MACD continues to expand in the bearish zone

Short-term rhythm:

A bearish decline pattern has formed, with continuation potential

3. Intraday Trend Projection

Before a strong volume breakout above 0.508:

Likely to maintain oscillating downward movement

There may be some rebounds along the way, but they are unlikely to sustain

The price will gradually test 0.495 or even lower

4. Direct Trading Strategy (as per your request)

Direction: Short (market order to open)

Entry Price: around 0.501

Take Profit:

First TP: 0.496

Second TP: 0.491

Stop Loss:

Stop Loss Level: 0.508