To be honest, the trigger point is often hidden in the place that makes people hesitate the most. The recent pullback over the past two days—$SPK —actually feels like a good thing. On the four-hour timeframe, the volume has shrunk and price can’t really fall any further; the daily range center is still being lifted upward. We need to look farther out. Lately, the DEFI trend line clearly has the feel of capital rotating in and out. As for SPK, it’s an old familiar name—it can’t just run one wave and then call it quits. When I watch the market, I mainly focus on two things: first, the volume and momentum structure; second, the strength of follow-through at key support levels. This round of pullback is clearly a slow, declining drop on reduced volume—not a distribution event with heavy sell volume. That suggests earlier profit-taking is being digested, and there are signs that the main force’s positions haven’t loosened.
Another detail is that every time the price dips down to around the key moving averages, the rebound is extremely fast. The frequent appearance of long lower wicks is evidence that there’s buying support underneath. Some people worry that this move might be at its end. I’d like to ask: if it really were a top, why would every rebound be so decisive? The market feel to me is more like the final shakeout before a rally. That previous high area isn’t the endpoint—it’s more like the first target zone. If the DEFI market truly kicks off, market sentiment will reprice the valuation of this sector.
As for the risk-reward ratio: if you look downward, there’s a dense trading area acting as a backstop; if you look upward, the upside space is clearly much larger. For an asymmetric structure like this, what the rational choice is doesn’t need me to spell it out, right? Of course, I’m not a stubborn bull either. If one day there’s a breakdown with heavy volume that pierces the key structure, I’ll immediately change my judgment. But at least for now, the market is telling me the direction is upward.
From wide vistas to the distant mountains—observe the market’s fine details.
Walk alongside Uncle Xiong; see gains and losses across the sky and earth.
#SPK
Click below to trade 👇
Another detail is that every time the price dips down to around the key moving averages, the rebound is extremely fast. The frequent appearance of long lower wicks is evidence that there’s buying support underneath. Some people worry that this move might be at its end. I’d like to ask: if it really were a top, why would every rebound be so decisive? The market feel to me is more like the final shakeout before a rally. That previous high area isn’t the endpoint—it’s more like the first target zone. If the DEFI market truly kicks off, market sentiment will reprice the valuation of this sector.
As for the risk-reward ratio: if you look downward, there’s a dense trading area acting as a backstop; if you look upward, the upside space is clearly much larger. For an asymmetric structure like this, what the rational choice is doesn’t need me to spell it out, right? Of course, I’m not a stubborn bull either. If one day there’s a breakdown with heavy volume that pierces the key structure, I’ll immediately change my judgment. But at least for now, the market is telling me the direction is upward.
From wide vistas to the distant mountains—observe the market’s fine details.
Walk alongside Uncle Xiong; see gains and losses across the sky and earth.
#SPK
Click below to trade 👇