【$SPK Signal】Short squeeze pullback, sniper for a second surge

$SPK 1H level rally and fall back, long upper shadow tests 0.0287 then quickly retreats to 0.0266. The 4H Bollinger Band upper band is pierced, and the price is pushed back into the channel. Buying depth is imbalanced by 30%, but the funding rate is -0.03%, and the short positions’ cost is not low.

The price repeatedly tests around 0.0265—this is the short-term line between bulls and bears.

🎯 Direction: Pullback to go long

⚡ Entry/Order: Layered entries in the 0.02365 - 0.02652 range

🛑 Stop loss: 0.02249

🚀 Target 1: 0.02664

🚀 Target 2: 0.02675

🛡️ Trade management: - Execute strategy: after reaching Target 1, reduce position size by 50%, and move the stop loss up to breakeven. If the price falls back to the entry level, exit automatically to protect the principal.

The 1H MACD fast and slow lines are still above the zero axis, but the histogram is converging, and momentum is temporarily slowing down. After the 4H EMA20 and EMA50 golden cross, the gap is opening upward, so the medium-term structure has not been broken. In a negative funding environment, the price has not collapsed, indicating that sell pressure is being actively absorbed and digested; there is a risk that bears will be squeezed. The current risk-reward ratio is still acceptable. The key is to patiently wait for the entry point and avoid chasing at emotional highs.

Check the real-time market 👇 $SPK
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