$SPK

Current trend: BEARISH

• SPK is in a clear downtrend, evident on both the 1-day and 4-hour timeframes.

• The price is below MA(7), MA(25), MA(99) → no strong reversal signal yet.

4H timeframe:

• The price just retraced from the bottom of $0.030583 and is starting to test the resistance area near MA(7): ~$0.0318.

• Trading volume remains weak → no significant capital inflow at this time.

• MA(25) is at $0.0343, acting as strong resistance in the short term.

Daily timeframe:

• A series of consecutive red candles from the peak of $0.069 → $0.032 → a decrease of nearly 53%.

• MA(7) (0.0367) is trending down → the medium-term trend is still bearish.

Trading Scenario

✅ POSITIVE case (Bullish reversal):

If SPK holds the bottom area of $0.030 and surpasses MA(25) on the 4H timeframe (i.e., > $0.0345):

Entry Buy Long: $0.031 - $0.032

Stoploss: Below $0.03

Tp1: $0.0343

Tp2: $0.0367

Tp3: $0.04

This is the accumulation phase at the bottom, but there is no clear confirmation of a reversal trend yet.

• If you want to place a buy order, a tight SL below $0.030 is needed and monitor the reaction around MA25 on the 4H timeframe ($0.0343).