SPK just broke below the 4‑hour swing low, looks ready to tumble. The next move could take it down to the 20‑day support.
🔴 $SPK SHORT 📉 — Trade Plan
• Entry: $0.020160 – $0.020200
• Stop: $0.020785 (-3.0%)
• Target 1: $0.019877 (+1.5%)
• Target 2: $0.019171 (+5.0%)
• R/R 1:1.7 | Confidence 64%
We got a clean CHoCH on the 1‑hour chart, backed by a surge in buying pressure on the CVD, and a fresh FVG right under the break. The order block from the previous rally sits right on top of that gap, giving a strong POI confluence. Price is now testing that OB, so a short looks legit.
A 3 % stop is a bit tight for a 1.7 R/R, so keep leverage around 2‑3x.
Take half off at the first target, around the next minor resistance.
Not financial advice — trade only what you can afford to lose 🙏
$SPK #SPKUSDT #SMC #TradingSignals #Write2Earn
🔴 $SPK SHORT 📉 — Trade Plan
• Entry: $0.020160 – $0.020200
• Stop: $0.020785 (-3.0%)
• Target 1: $0.019877 (+1.5%)
• Target 2: $0.019171 (+5.0%)
• R/R 1:1.7 | Confidence 64%
We got a clean CHoCH on the 1‑hour chart, backed by a surge in buying pressure on the CVD, and a fresh FVG right under the break. The order block from the previous rally sits right on top of that gap, giving a strong POI confluence. Price is now testing that OB, so a short looks legit.
A 3 % stop is a bit tight for a 1.7 R/R, so keep leverage around 2‑3x.
Take half off at the first target, around the next minor resistance.
Not financial advice — trade only what you can afford to lose 🙏
$SPK #SPKUSDT #SMC #TradingSignals #Write2Earn