$SPK Bears Got Burned: Massive Short Liquidation Sparks Momentum
A heavy wave just swept through $SPK as short positions worth $3.0139K were liquidated at the key level of $0.043174. This liquidation hints at hidden strength building beneath the surface and could trigger a powerful upside move if bulls maintain control.
Current Analysis
After the short squeeze, the price action shows potential for a bullish reversal with higher volume support. The liquidated zone becomes a key inflection point for future trend decisions.
Buy Zone:
$0.04100 – $0.04350
This is the consolidation support area just below the liquidation price, where accumulation pressure may emerge.
Target 1: $0.04890
Target 2: $0.05280
Target 3: $0.05720
Stop Loss:
A clean invalidation below $0.03950
Conclusion:
The liquidation has shaken out weak hands and left a trail of trapped shorts. If price sustains above $0.04350, this could ignite a rally toward the upper resistance zones. Watch for volume spikes and confirmation from candle structure — $SPK might just be ready for its next breakout.
