【$SPK Signal】Short squeeze rebound, second pulse sniping

$SPK 1H RSI drops from a high of 89.79 to 74.83 after overheating, creating a gap.
The 4H Bollinger Band upper band is pierced up to 0.0499, with the price now retreating to around 0.0495 for consolidation.
MACD double-cycle shows bullish divergence, but the 1-hour volume bars are starting to contract.
Order book depth imbalance -2.63%, sell orders are slightly thicker, and the funding rate of -1.0851% provides natural fuel for a short squeeze.

🎯Direction: Pullback to go long

⚡Entry/Order: Within the 0.03186 - 0.04927 range, current price 0.04952 can directly attempt a small long position, a better option is to place an order around 0.0380 (1H EMA20 support).

🛑Stop loss: 0.02716

🚀Target 1: 0.04952

🚀Target 2: 0.04972

🛡️Trade management:
- Execution strategy: After reaching Target 1, halve the position, and move the remaining stop loss up to the entry price.
- If the price cannot hold above 0.049 and falls below 0.047 again, consider exiting early.

In a negative funding rate environment, open interest remains stable, and short positions' passive holding costs continue to rise.
The 1-hour candlestick forms a dense trading zone between 0.037-0.040, with many stop-loss orders at this level.
If the price can turn over above 0.045, the momentum for a second rally will be cleaner.
For such high-volatility assets, the risk-reward ratio must be calculated upfront; the odds of a pullback to catch the dip are far better than chasing highs.

View real-time market 👇 $SPK
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