We just saw a massive volume breakout on SPK (15%+ pump). Now the price is cooling off and retracing on the 5m chart. Look at the volume bars the selling pressure is drying up on this pullback. This is a classic "breakout and retest" play.
Here is my trade plan:
🟢 Entry: 0.0245 - 0.0248
🔴 Stop Loss (SL): 0.0238
🎯 Take Profit (TP):
TP1: 0.0264
TP2: 0.0280
TP3: 0.0300
Why this setup?
The initial pump had massive volume, but the current pullback has very low volume. This means sellers are exhausted, and the buyers are just taking a breather. If bulls defend this 0.0245 support zone, the next leg up is just a matter of time.
Keep your risk tight and let the chart play out! 📈
Disclaimer: Not financial advice. Always DYOR. Crypto is highly volatile.
#SPKUSDT #Spark #TradingSetup
Here is my trade plan:
🟢 Entry: 0.0245 - 0.0248
🔴 Stop Loss (SL): 0.0238
🎯 Take Profit (TP):
TP1: 0.0264
TP2: 0.0280
TP3: 0.0300
Why this setup?
The initial pump had massive volume, but the current pullback has very low volume. This means sellers are exhausted, and the buyers are just taking a breather. If bulls defend this 0.0245 support zone, the next leg up is just a matter of time.
Keep your risk tight and let the chart play out! 📈
Disclaimer: Not financial advice. Always DYOR. Crypto is highly volatile.
#SPKUSDT #Spark #TradingSetup
