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

$SPK 1H RSI skyrocketed to 85.66, buying pressure extremely crowded. The upper band of the 4H Bollinger Bands was directly broken through, price surged then pulled back to hover around 0.037. Funding rate -0.0201%, bears are paying, but order book depth is unbalanced at 13.18%, sell orders are thin. 1H MACD fast and slow lines are still expanding, but the histogram shows signs of convergence, indicating bullish momentum needs a pullback for confirmation.

Price is holding firmly around 0.037, short positions face risk of being squeezed. Going long directly at this level, enter at current price 0.03707, with a stop below 0.02577. First target at 0.03563, second target at 0.03892.

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

4H buy volume expanded on the last candle then contracted, typical of a pause after a sharp move. Position remains stable, no signs of large-scale liquidation. In a negative funding rate environment, price not falling often signals a second attack against bears. The 1H EMA20 at 0.0317 provides dynamic support, current price consolidates above it, indicating a strong correction. The risk-reward ratio at this level requires a quick move away from the cost zone to confirm, otherwise prone to sideways movement.

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