$SPK Breakout Brewing or Just a Fakeout?
SPK is trading at $0.04052, showing signs of recovery after bouncing from the $0.03950 demand zone. However, it now hovers just below key resistance, testing the bulls’ strength.
Key Levels to Watch:
• Resistance: $0.04085 – A clean break above could ignite momentum toward $0.04150 and $0.04200.
• Support: $0.03950 – A drop below may trigger a slide to $0.03895 and $0.03780.
Trade Setup:
• Bullish Entry: Confirmed breakout above $0.04085
TP1: $0.04150
TP2: $0.04200
SL: Below $0.04000
• Bearish Entry: Breakdown below $0.03950
TP1: $0.03895
TP2: $0.03780
SL: Above $0.04060
Final Take:
SPK is at a crossroads. A breakout above $0.04085 could flip momentum bullish. But failure to clear it may trap bulls in a pullback zone. Watch volume and candle confirmation before entering!