$SPK 🚩 Trade Plan: Short

Parameter Details

Entry $0.0605–$0.0610 (near resistance/fib, after weak bounce, ideally close)

Stop‑Loss $0.0650 (above recent swing highs & resistance zone)

Take‑Profit 1 $0.0560 (first support)

Take‑Profit 2 $0.0500 (deeper support zone)

Risk‑Reward Risk ≈ $0.005 SPK; TP1 gain ≈ $0.0045 (0.9:1), TP2 gain ≈ $0.0105 (2.1:1)

Position Size Risk 1.5% of capital. E.g. with $10k equity, risk = $150 → approx. 30k SPK at 50k pip value

Trade Duration Short-term (2–5 days)

Trailing Stop At TP1, move stop to breakeven; then trail under lower highs (≈ $0.057–$0.058)