SPK just broke below the 4โhour swing low, looks ready to tumble. The next move could take it down to the 20โday support.
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$SPK SHORT ๐ โ Trade Plan
โข Entry: $0.020160 โ $0.020200
โข Stop: $0.020785 (-3.0%)
โข Target 1: $0.019877 (+1.5%)
โข Target 2: $0.019171 (+5.0%)
โข R/R 1:1.7 | Confidence 64%
We got a clean CHoCH on the 1โhour chart, backed by a surge in buying pressure on the CVD, and a fresh FVG right under the break. The order block from the previous rally sits right on top of that gap, giving a strong POI confluence. Price is now testing that OB, so a short looks legit.
A 3โฏ% stop is a bit tight for a 1.7โฏR/R, so keep leverage around 2โ3x.
Take half off at the first target, around the next minor resistance.
Not financial advice โ trade only what you can afford to lose ๐
$SPK #SPKUSDT #SMC #TradingSignals #Write2Earn