【$SPK Signal】Short squeeze pullback, sniper for the second pulse

$SPK 1H level RSI surges to 84, buying pressure gaps, but the 4H Bollinger Bands just opened, MACD double lines expanding.
Order book depth imbalance at 24.55%, selling pressure is thin.
With a negative fee rate of -0.0258%, bears are at risk of being squeezed.

Price retraced from 0.0332, current price around 0.0307 with bulls and bears tugging.
Suggested entry zone is between 0.02465 and 0.03053, current price is at the upper edge of the zone, chasing higher directly is risky.
A safer strategy is to place orders in advance.

🎯Direction: Pullback to go long (place orders)

⚡Entry/Order placement: Lay orders near the lower edge of the 0.02465 - 0.03053 range, for example, in the 0.0255-0.0265 zone.

🛑Stop loss: 0.02288

🚀Target 1: 0.03070

🚀Target 2: 0.03082

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

1H volume shrank after rally, indicating healthy turnover.
The 4H EMA20 has crossed above EMA50 to form a golden cross, indicating mid-term bullishness.
Negative funding rate combined with sideways price at high levels shows passive short positions.
Once buying interest re-enters, it could trigger short covering.
This position offers a decent risk-reward ratio, but patience is needed to wait for a pullback to confirm support.

Check real-time market 👇 $SPK
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#GatePreIPOs首发SpaceX #Gate13周年现场直击 #加密市场小幅下跌