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$SPK Increased by 90%, funding rate -0.9577%, shorts are losing money to longs every hour, why would you tell me to short in this market?
With such extreme rates, shorts are just burning money, and time is completely on the longs' side. Open interest is barely moving (+0.1%), indicating this rally isn't a bubble created by leverage, and the chip structure is still relatively clean.
Go long directly, stop loss at 0.045, first target at 0.072, when reached ask yourself whether to hold or not, if you can hold, aim for 0.09.
In a market where shorts are losing money, you might as well take the opportunity.