๐
$SPK The resistance level that cannot be broken through, bears begin to take control of the rhythm
$SPK is currently fluctuating around $0.02257,
previously attempting multiple times to stand above 0.0240 โ 0.0245, but all have failed,
this in itself is a very clear signal:
๐ There is heavy selling pressure above, and funds are unwilling to continue chasing higher prices.
As the price falls back, selling pressure gradually becomes apparent,
as long as the price continues to be pressed below resistance,
the trend tends more towards the continuation of bears.
๐ Trading idea: Short Setup
Resistance zone:
0.02350 โ 0.02420
Support level:
0.02200
Entry range (short):
0.02280 โ 0.02350
๐ฏ Target levels:
TP1: 0.02200
TP2: 0.02150
TP3: 0.02080
๐ Stop loss:
0.02450 (to prevent false breaks)
๐ก The logic is very clear:
Key resistance repeatedly faces obstacles
Rebounds lack volume, insufficient support
If resistance is not reclaimed, bears have the advantage
In summary๐
Where it cannot stand up, is often the safest place to short.
#SPK #Crypto #Altcoins #ShortSetup #ResistanceSupport