$SPK Bounce from the Abyss: Micro-Rally in the Making...
After printing a local bottom at 0.035205, $SPK has sparked a minor reversal with a clean bullish engulfing candle on the 1H chart. This suggests the selling momentum may be exhausted setting the stage for a short-term upward push.
📈 Long Trade Setup
• Entry Zone: 0.0371 – 0.0375
• TP1: 0.0384
• TP2: 0.0393
• TP3: 0.0407
• Stop Loss: Below 0.0362
📊 Technical Insight:
Price action shows early recovery with increased buy-side interest. If bulls maintain momentum above the 0.037 zone, we may see a gradual climb back toward recent resistance. Risk remains controlled with tight SL placement.