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$SPK USDT (1h) - Trend Continuation Short
Bias: Short
Entry (Zone): 0.02950 – 0.02980
Targets:
TP1: 0.02880
TP2: 0.02820
TP3: 0.02750
Stop Loss: 0.03035
Why this Setup:
I’m leaning short as the asset remains locked in a clear, multi-day markdown phase with a consistent structure of lower highs and lower lows. Price recently tried to stage a minor relief rally but heavily rejected near the 0.03000 psychological resistance block. With momentum firmly favoring the sellers and trading volume dropping on green bars, I expect a breakdown below the local 0.02864 support level toward new local lows.
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