【$SPK Signal】Short squeeze pullback, sniper long position

$SPK 1H timeframe surging then pulling back, price pierced through the upper band of the 4H Bollinger Bands and then retraced. Buy orders are 90% thicker than sell orders, indicating capital support. Negative fee rate -0.03%, bearish position costs remain under pressure.

Price retraced to around 0.0248 to consider going long, supported by the 1H EMA20.

🛑 Place stop-loss below 0.02249.

🚀 First target is the previous high at 0.02664.

🚀 Second target is 0.02675.

🛡️ Trading management: - Execute strategy: after reaching target 1, reduce position by 50%, and move stop-loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

4-hour MACD fast and slow lines are opening upward, momentum bars still expanding. 1-hour volume significantly increases during upward moves, but the latest candle closes with a long upper shadow, indicating selling pressure around 0.0287. Current price is above the middle band of the 1H Bollinger Bands, maintaining a bullish structure. In this negative fee environment, the price remains resilient, often accompanied by passive short covering. The risk-reward ratio is favorable, worth trying.

Check real-time market 👇 $SPK
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