$SPK Market Trend: Consolidating After Pump, Awaiting Next Move

Trade Signal

Entry 2 (Short): $0.0980 (If it breaks below current support)

TP1 (Short): $0.0960

TP2 (Short): $0.0940

TP3 (Short): $0.0920

TP4 (Short): $0.0900

Stop-Loss (for Short): $0.1030

Why This Trade?

SPK experienced a pump earlier but has since entered a tight sideways range. The price is holding around its moving average, and the Bollinger Bands are squeezed, showing indecision. We're waiting for a clear breakout from this range to determine its next direction, offering opportunities in either a bullish or bearish move.

Support & Resistance Levels

Support: $0.0980 • $0.0950 • $0.0920

Resistance: $0.1020 • $0.1050 • $0.1080

Market Update for SPK (SPK)

SPK is currently in a consolidation phase, trading within a narrow range after its recent price surge. Volume has decreased, indicating a pause in strong directional momentum. Traders should look for a decisive break above $0.1020 or below $0.0980 to confirm the next short-term trend for SPK.

#SPK