$SPK Catching the Bounce in the Range 🎯
Trading in a range requires patience and precise execution. Currently, $SPK is approaching a crucial support level on the lower timeframes.
The Game Plan:
We are looking for a Long position near the lower boundary of the current consolidation zone. The goal is to ride the momentum back to the recent highs.
Entry Zone (Watch closely): ~$0.03571
Target (Take Profit): $0.03998 (Upper range resistance)
Risk Note: High volatility setup. Strict risk management is mandatory. As indicated by the tools, keep the position size small (0.5% recommended).
Why this setup? The market is sweeping internal liquidity. If the $0.03571 level holds with a strong rejection, we have a high-probability move towards the $0.040 psychological level.
NFA. DYOR. Scalping on 1m charts is risky — trade only what you can afford to lose!