$SPK 🔍 General Situation:

The currency is in a clear downward trend.

It recorded a lowest point at 0.04150.

The current price is 0.04260, and there is a slight rebound but the momentum is weak.

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📊 Technical Indicators:

1. RSI (Relative Strength Index):

RSI = 36.6 → close to the oversold area.

There is no clear signal of a reversal yet.

2. MACD:

A positive crossover just occurred.

But weakness is apparent on the histogram (there is no strong upward momentum).

3. Stochastic (K%D%):

K = 26, D = 38 → a negative crossover just happened, which is a signal of a temporary decline.

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✅ Technical Decision:

🚫 Do not enter now, no buying or selling immediately.

Reason:

The price is in a foggy area after a strong decline, and there is no confirmation of an upward reversal.

There is a weak rebound but it is not supported by sufficient momentum.

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🎯 If you are considering a trade:

📉 Sell Trade (if the rebound fails):

Sell Entry: 0.04290

Target: 0.04170

Stop Loss: 0.04360

📈 Buy Trade (if the rebound is confirmed):

Buy Entry: only if 0.04360 is broken firmly + a strong bullish candle appears.

Target: 0.04500

Stop Loss: 0.04200