#SPK
Volume Spike: 1.31B SPK (Huge activity and interest)
Parabolic Move: Price jumped from $0.01 to $0.069 (590%) in a single hour. This is unsustainable without consolidation.
Currently: Sitting around $0.0575 with some rejection at the top. The last few candles show selling pressure and slowdown.
No clear support formed yet after the surge — price is in discovery zone, and volatile retracement is likely.
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Do not FOMO in here. Wait for retracement.
Likely range: $0.045 – $0.060.
Observe volume — declining volume = cooling momentum
Expect a pullback to the $0.045–$0.039 area.
If price stabilizes near 0.5–0.618 Fib, that’s a good re-entry for swing trade.
Start deploying capital gradually, DCA-style: ex.
$250 at $0.045
$250 at $0.038
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If bounce occurs and price reclaims $0.060, you can deploy the remaining $500 and target $0.068–$0.075 for profit.
If no bounce, set stop-loss at $0.033 to protect capital.
DYOR
