$SPK ๐ฅ EXPLODING MOMENTUM ๐ฅ
SPK Trading Strategy โ Fibonacci-Based
Current Price: $0.11331 USDT
24h Volume: ~$20.47 million USDT (strong liquidity across exchanges)
Context: Recent massive rally from ~$0.06 to $8B+ TVL)
๐ Technical Indicator Overview
Price Action: Recently pulled back toward 0.236 Fib (~$0.1068) after an overbought spike; holding above this zone suggests consolidation
MACD (12h/24h): Bearish crossover recently formed, indicating momentum cooldown
RSI: Dropped from extreme overbought (~90) into mid-40s rangeโreflecting healthy correction
Volume: Elevated on prior rally; pullback volume remains benignโno panic sell-off
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๐ฏ Trade Setups
๐ข 1. Pullback Long โ Base Support Bounce
Entry Zone: $0.1065โ$0.1080
Trigger: Bullish reversal candle + RSI rising above 50
Targets:
T1: $0.1140 (prior cap)
T2: $0.1280โ$0.1300 (recent high)
Stop-Loss: $0.1045 (below Fib 0.236 and bounce zone)
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๐ 2. Breakout Momentum Trade
Trigger: 4H candle close above $0.1300 on volume surge (> $25M)
Entry Range: $0.1300โ$0.1320
Targets:
T1: $0.1400
T2: $0.1500 (psychological plus extension zone)
Stop-Loss: $0.1250
Disclaimer
This strategy is for educational purposes only and does not constitute financial advice. SPK is a mid-cap DeFi token subject to high volatility, dilution risk, and ecosystem shifts. Trade responsibly, always use stop-losses, and do your own research (DYOR).
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