*Trade Plan for $SPK /USDT*
*Entry Zone:* $0.045 - $0.050
*Stop Loss (SL):* $0.035
*Take Profit (TP):* $0.080
*Rationale:*
The SPK/USDT pair has shown a strong upward trend, with a recent breakout above the key resistance level of $0.045. The current price is $0.061909, indicating a potential continuation of the bullish momentum.
*Entry Strategy:*
- Enter the trade if the price retraces to the $0.045 - $0.050 zone.
- Confirm entry with a bullish candlestick pattern or a bounce off the zone.
*Risk Management:*
- Set a stop loss at $0.035 to limit potential losses if the price breaks below the support level.
*Profit Target:*
- Aim for a take profit at $0.080, based on the previous resistance level and potential upward movement.
*Additional Considerations:*
- Monitor trading volume and market sentiment for confirmation of the trend.
- Adjust the trade plan based on market conditions and news that may impact the $SPK /USDT pair.