$SPK /USDT — 15M Market Structure Read
SPK just printed a clean momentum expansion off the 0.02013 sweep, with buyers stepping in aggressively and flipping short-term structure bullish. The sharp downside wick earlier was fully rejected, a textbook liquidity grab that trapped late sellers before price reclaimed key moving averages.
Defended support:
0.02010–0.02025 → strong demand zone, buyers absorbed sell pressure decisively
Intraday support now shifts higher toward 0.02045–0.02055
Current price action:
0.02065–0.02075 → mild consolidation after the impulse, holding above MAs
This looks like acceptance near highs, not distribution
Resistance ahead:
0.02083–0.02088 → recent high / supply pocket
Acceptance above this zone favors continuation toward the upper range extension
Bias: Bullish continuation while price holds above 0.02045
Caution level: A sustained loss of 0.02025 would weaken momentum and shift SPK back into range behavior.
Overall, the tape favors continuation. Pullbacks are getting bought, downside wicks show rejection, and sellers lack follow-through. If volume expands on a push through 0.02083, late shorts risk getting trapped as momentum rebuilds.
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