SPK is battling a bearish swing, slipping below the 20‑day EMA as sellers dominate the order flow. The latest pullback has erased the bullish bias from yesterday.
🔴 $SPK SHORT 📉
Entry $0.017622-$0.017658 | SL $0.018169 (-3.0%) | TP1 $0.017375 (+1.5%) | TP2 $0.016758 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear change of market structure popped on the 1‑hour chart, with a CHoCH confirming the down move and CVD spikes backing the sell pressure. The price is hugging a fresh FVG that aligns with a bearish order block, and the POI confluence of that OB and FVG makes the short thesis tight. All signals line up for a disciplined short entry.
A 3.0% stop is fairly tight on a volatile pair, so keep leverage modest – 2‑3x max to stay in the sweet spot.
Take half the position off at the first profit target to lock in gains while the trade runs toward the next level.
As always: manage your risk, this is not financial advice 🙏
$SPK #SPKUSDT #FedWatch #TradingSignals #Write2Earn
🔴 $SPK SHORT 📉
Entry $0.017622-$0.017658 | SL $0.018169 (-3.0%) | TP1 $0.017375 (+1.5%) | TP2 $0.016758 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear change of market structure popped on the 1‑hour chart, with a CHoCH confirming the down move and CVD spikes backing the sell pressure. The price is hugging a fresh FVG that aligns with a bearish order block, and the POI confluence of that OB and FVG makes the short thesis tight. All signals line up for a disciplined short entry.
A 3.0% stop is fairly tight on a volatile pair, so keep leverage modest – 2‑3x max to stay in the sweet spot.
Take half the position off at the first profit target to lock in gains while the trade runs toward the next level.
As always: manage your risk, this is not financial advice 🙏
$SPK #SPKUSDT #FedWatch #TradingSignals #Write2Earn