【$SPK Signal】Waiting for a callback, gaming for a secondary surge

$SPK 1H level surge and pullback, 4H Bollinger upper band pierced, price retraced to the middle band. RSI on 1H at 74.39, buying momentum waning. MACD 1H histogram contracting, 4H remains expanding, bulls and bears diverging further.

Price fluctuates around 0.03617, with resistance at the 1H Bollinger upper band at 0.0372. Support is formed by the 1H EMA20 at 0.0320 and the 4H Bollinger middle band at 0.0283. Market depth imbalance is only 0.55%, indicating a temporary balance between bulls and bears.

Current risk-reward ratio is not ideal; chasing higher carries greater risk than potential reward. Funding rate at -0.0129% suggests slight short squeeze expectations, but open interest remains stable without following the price surge, raising doubts about continued upward momentum.

🎯Direction: Watch and wait, look for a pullback or breakout confirmation

⚡Pending orders: If the price stabilizes around 0.02896 - 0.02970, consider entering long positions in batches

🛑Stop loss: 0.02567

🚀Target 1: 0.03620

🚀Target 2: 0.03635

🛡️Trade management: - Execution strategy: After order fill, if the price rebounds above 0.0320, it can be considered a preliminary confirmation. Reduce position by 50% upon reaching Target 1, and move the remaining stop loss to the entry point. If the price cannot hold above 0.0320, consider exiting early.

Check real-time market 👇 $SPK
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