$SPK
USDT BULLISH REVERSAL – BUYERS GAINING MOMENTUM
The recent sharp bounce from below $0.0305 shows strong buyer interest, reclaiming key short-term levels rapidly. Price is now trading at $0.031992, suggesting bulls are attempting a reversal after the earlier aggressive sell-off.
🔑 Key Levels:
Support: $0.0305 – strong rejection zone
Resistance: $0.0325 and $0.0330 – immediate upside hurdles
Current Price: $0.031992
📈 Trade Setup (Long Entry):
Entry Zone: $0.0316 – $0.0320
Take Profits:
TP1: $0.0325
TP2: $0.0330
TP3: $0.0335 (aggressive target)
Stop Loss: $0.0308 (below recent support rejection)
📊 Market Outlook: Momentum has flipped bullish on the 30m chart after a V-shaped recovery from sub-$0.0305 levels. If bulls maintain control above $0.0316, continuation towards the $0.0330 resistance is highly probable, aligning with the recent recovery wave.
⚠️ Risk Management: Always size your position to risk less than 1-2% of total capital. Wait for candle confirmation at entry zone to avoid false breakouts.
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