$SPK Breakout Alert – Will Bulls Dominate or Fade Away?
SPK is testing key resistance on the 15m chart with strong buyer interest. A breakout or rejection here could trigger a quick move. Here’s what to watch:
Key Levels to Monitor:
• Resistance Zone: $0.04820 – A breakout here confirms bullish continuation.
• Support Zone: $0.04730 – A drop below could lead to a bearish pullback.
Trade Setup – Be Ready for Action!
Bullish Entry: Above $0.04820
• Target 1: $0.04900 (local high breakout)
• Target 2: $0.05000 (psychological round level)
• Stop-Loss: Below $0.04730
Bearish Entry: Below $0.04730
• Target 1: $0.04600 (volume support)
• Target 2: $0.04480 (previous consolidation base)
• Stop-Loss: Above $0.04820
SPK is coiling tight near resistance. If bulls flip $0.04820 into support, expect an explosive breakout. But if rejected, a sharp pullback to lower levels could unfold fast. Keep your eyes on volume!