$SPK
The risk is still present, but it is relatively low compared to the potential return. The price was just above 0.0690 a few hours ago, which opens the door for a quick return if the general mood improves. Technically, the current volatility may be a precursor to a short-term upward movement. Gradual entry is recommended to avoid sudden fluctuations. It is possible to buy a small percentage now while monitoring the development of technical indicators. If a strong reversal candle appears, the buying position can be strengthened. This method mitigates the impact of poor timing. The time analysis shows that we are at the end of a correction cycle, not at its beginning.
If the price returns to 0.0690, this represents a profit exceeding 15%. Therefore, the risk-to-reward ratio is good.
In the markets, sudden rises are often followed by hesitation and fear, creating disguised opportunities. Many traders sell out of fear of a correction, not based on technical indicators. This is where the conscious trader has an advantage. If you can buy when others are afraid, you are one step ahead of the market. Do not wait for delayed signals from the media or news sites. The market shows its signals on the chart before anywhere else.
Enter the currency from here $SPK
Patience is very important after buying. Do not expect immediate profits. Set an initial target at 0.0665 and a secondary target at 0.0690. The targets can be adjusted according to the trend's development. A smart trader does not chase the market but waits for opportunities. Today, SPK shows an opportunity at average support.
Technical analysis indicates a likely bottom (0.055 - 0.057).
The market's psychological analysis shows general caution after a violent rise. And the two together create an opportunity.
$SPK
This does not mean that the rise is guaranteed, but it means that the upward probability is higher.
Buying here is supported by technical and psychological signals.
