$SPK Parabolic Spike or Overheat? Watch $0.1733 Key Support
SPK has exploded with a staggering 168% gain and is currently consolidating near the upper range of its breakout candle. With volume surging, the next few moves will define whether this run continues or corrects.
Key Levels to Watch
Resistance: $0.1800 – $0.2020
If price holds above $0.1800 and breaks $0.1850, momentum could push SPK toward $0.2000 and $0.2150
Support: $0.1680 – $0.1733
Holding this base is crucial. A breakdown here could lead to a fast retest of $0.1500 and $0.1380
Trade Setup – High-Risk, High-Reward Zone
Bullish Entry: Break and hold above $0.1850
Target 1: $0.2000
Target 2: $0.2150
Stop Loss: Below $0.1720
Bearish Entry: Drop below $0.1680
Target 1: $0.1500
Target 2: $0.1380
Stop Loss: Above $0.1805
Momentum is at its peak, but volatility remains extremely high. Only trade confirmed breakouts with tight risk management.