$SPK
๐ฅ Day Trading SPK/USDT: Beware, the Trend is Still Scary! ๐
Hello, Day Trader warriors! Let's take a peek at SPK/USDT so you donโt get stuck!
โฐ H4 Trend: ๐ป Be careful! SPK/USDT on H4 is clearly in a severe downtrend. The Bollinger Bands are widening downward, which means selling pressure is still very strong! Don't recklessly go against the trend, guys!
โฑ๏ธ M15: ๐ In M15, there are attempts at correction but always fail to break resistance. RSI & Stochastic are still showing bearish momentum. Each slight rise is immediately resisted by EMA 9 & 20. This is just a sign of correction, not a reversal!
โฑ๏ธ M5: ๐ฉธ In M5, thereโs an attempt to breakout but it immediately bounces back. Volume is weak when rising, but high when falling. Thereโs still no strong bullish reversal signal. You need to be patient!
๐ฎ Potential: ๐ป SPK/USDT is likely to continue declining or move sideways with a bearish bias. It's not recommended at all to take long positions right now.
โจ Conclusion: ๐ Short opportunities if there's a retrace to resistance, but the risk of long positions is very high! Avoid "catching a falling knife"!
๐ก Advice: ๐ก๏ธ Always set tight stop-loss! Donโt FOMO! Pay attention to confirmation volume. Risk management is the key!
"The trend is your friend until it bends." - Ed Seykota
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