$SPK is in a strong bearish phase with oversold conditions.
Support area 0.0471 is crucial; if it holds, a small bounce potential can be utilized for scalping.
Be cautious of aggressive entries without volume confirmation and reversal candles. Wait for a break and retest above the minor resistance at 0.0505.
📥 Scalping Buy Entry Recommendation:
➡️ Conservative Entry Strategy (Wait for Confirmation):
Wait for a bullish engulfing candle or a strong reversal in the support area 0.0471–0.0465.
Additional confirmation if RSI starts to rise above 30 & Stochastic crosses upwards.
➡️ Aggressive Entry (Oversold Speculative):
➡️ Entry in the area 0.04720–0.04750
➡️ Short-term target: 0.05050
➡️ Tight stop loss: 0.04600
