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$SPK pushed into 0.06431 and failed to hold the spike.
Trading Plan
Short SPK up to 10x
Entry: 0.0475 to 0.0495
SL: 0.0648
TP1: 0.0460
TP2: 0.0440
TP3: 0.0415
Price exploded into 0.06431, but the move got rejected and the structure has been fading since the top. Each bounce after the spike is getting weaker, and price is now sitting near the lower part of the range instead of reclaiming strength. That usually signals sellers are still in control and keeps the setup tilted toward another leg lower if rebounds continue getting sold.
As long as SPK stays below the recent rejection area, this setup favors continuation into lower support.
Trade here $SPK #Gate13thAnniversaryLive