#TradersLeague

📊 SPK/USDT Current Scenario Overview

🔹 Latest Price: Around 0.0563 USDT

The price has bounced strongly from the support zone near 0.0504–0.0533 USDT.

It shows a bullish recovery after a sharp drop earlier in the day.

🔸 Trend Direction: Short-Term Bullish

Price is forming higher lows and higher highs.

Buyers are gaining control after stopping out sellers at the bottom.

🔥 Key Resistance Zone Ahead:

0.06179–0.06222 USDT

→ Strong liquidation zone — many short positions could get liquidated here.

→ If this breaks, it could cause a short squeeze rally toward 0.065–0.068 USDT.

🧊 Support Zone Below:

0.0533 USDT – minor support

0.0504 USDT – strong support (bottom of heatmap)

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✅ If You Are Bullish (Long Setup):

Buy Entry: Near 0.0550–0.0560 (on dip)

Target: 0.0600 → 0.06179 → 0.06222

Stop Loss: Below 0.0530

❌ If You Are Bearish (Short Setup):

Sell Entry: Near 0.06179–0.06222 (if rejection or long wick forms)

Target: 0.0585 → 0.0560

Stop Loss: Above 0.0630

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📌 Summary:

Aspect Status

Trend Short-term bullish

Resistance Zone 0.06179 – 0.06222 USDT

Support Zone 0.0504 – 0.0533 USDT

Volume Trend Rising into resistance

Strategy Suggestion Watch for breakout or fade

$SPK