$SPK at Make-or-Break Zone – Will Bulls Defend $0.0300?
SPK is hovering around the $0.0302 mark, showing signs of hesitation after a short-term rally. With visible rejection near the upper resistance zone and a drop toward key support, the next few candles could trigger either a fresh breakout or deeper pullback. Traders should brace for volatility.
Key Levels to Watch:
• Resistance Zone:
• $0.03040 – $0.03080
A clean breakout above this range could ignite bullish momentum toward higher targets.
• Support Zone:
• $0.03000 – $0.02980
Losing this structure may invite sellers and lead to a deeper correction.
Bullish Scenario:
• Entry Trigger: Break & close above $0.03080
• Target 1: $0.03120
• Target 2: $0.03185
• Invalidation: Below $0.03000
Bearish Scenario:
• Entry Trigger: Breakdown below $0.03000
• Target 1: $0.02960
• Target 2: $0.02920
• Invalidation: Recovery above $0.03040
Decision Point Approaching – Breakout or Breakdown?
SPK is dancing on critical levels. Volume is thinning, suggesting a big move is brewing. Trade with proper risk management, and don’t chase – let price confirm the direction first.