$SPK Strong bull movement. What now? Is the current state the end or is it gonna go even higher?
Bullish Bias (70% Bullish / 30% Bearish)
Ideal Buy Zones
Safe (Low-Risk): $0.1080–$0.1100 (just above the former resistance turned support)
Moderately Safe: $0.1100–$0.1120
Risky (Aggressive): $0.1120–$0.1140
Ideal Sell Zones
Safe (Lock 1/3): $0.1150–$0.1160
Moderate (Lock 2/3): $0.1160–$0.1180
Risky (Final Pie): $0.1180–$0.1200
Stop-Loss Levels
Tight Stop: Below $0.1075 (just under new support)
Flexible Stop: Below $0.1050 (break of the 25 EMA on 1 h)
Those who’d like the full explanation and technical backdrop can continue reading below.
Full Analysis
Trend & Momentum
1 h EMAs: 7 > 25 > 99 — clear bullish alignment with price riding the 7 EMA (~0.1098).
MACD: Strong bullish crossover; histogram bars growing.
RSI: ~83 (overbought), but in a strong uptrend extended readings can persist.
Key Levels
Support:
$0.1100 (recent consolidation breakout)
$0.0950 (previous resistance, long-term pivot)
Resistance:
$0.1200 (recent swing high)
$0.1250 (psychological zone)
Volume & Order-Book
Volume Spike at breakout confirms buyer conviction (~33 M vs. 23 M MA10).
Depth: Bids 36% vs. Asks 64% at $0.1144 — short-term crowded longs could fuel minor pullbacks.
Trade Plan
Entries: Scale in across buy zones; start small at the safe zone, add through mid-zone, top off near risky zone.
Exits: Take profits incrementally in the three sell zones.
Risk Management:
Tight stops under $0.1075 guard against false breakouts.
Flexible stop under $0.1050 for deeper pullbacks while preserving position.
Strong bullish momentum but RSI overextension and ask-heavy depth suggest caution—use staggered entries and stops.
DYOR and Inshaallah we will make good profits.
