$SPK

Here’s a breakdown and trade plan based on the SPK/USDT 1-hour chart you provided:

📊 Technical Overview

Price: $0.1376 (up +86.62% in 24h)

24h High/Low: 0.2022 / 0.0701 – huge volatility!

MA Levels:

MA(7): 0.1357 (price hovering near it – short-term support)

MA(25): 0.1081 (intermediate support)

MA(99): 0.0614 (long-term support, far below)

RSI(6): 58.97 – cooled off from overbought zone (>70)

MACD: Positive and above signal line – still bullish but weakening

Volume: Huge spike recently – some profit-taking but still active interest

🧠 Situation Summary

The coin had a massive pump (nearly 3x), peaked at 0.2022, then pulled back.

Currently consolidating near MA(7) support.

Traders are now deciding: Is this a dip to buy or start of a dump?

📈 Trade Plan Options

✅ Option 1: Buy the Dip (If Rebound Confirms)

Entry Zone: $0.135–$0.138

Condition: Price holds above MA(7) with a green candle close

Stop Loss: Below $0.125 (last pullback low before bounce)

Take Profit Targets:

TP1: $0.155 (recent intraday resistance)

TP2: $0.175 (pre-wick zone)

TP3: $0.20 (retest of high)

Risk/Reward: 1:2 or better if support holds

❌ Option 2: Wait & Short the Breakdown

Entry: Below $0.125 (confirmed break below support + volume)

Stop Loss: Above $0.135

Take Profit:

TP1: $0.108 (MA25 support)

TP2: $0.090

Risk/Reward: 1:2+ depending on breakdown strength

📍 Recommendations

💡 Safer Play: Wait for confirmation (green candle above MA(7) or breakdown below $0.125).

🧨 High-risk Entry Now: Only if you’re scalping or confident it’ll bounce from MA(7).

🛑 Avoid FOMO Entry if RSI spikes again near 70+ without volume follow-through.