$SPK
SPK
0.026741
+7.54%
Option A: The Short (High Risk / Scalp)
Since the RSI is at 92, a "mean reversion" trade (betting on a dip) is a common strategy here.
Entry: Current Price ($0.0299 - $0.0305)
Target (Take Profit): $0.0265 (near the MA7 support)
Stop Loss: $0.0342 (above the recent spike high)
Option B: The Long (Wait for Pullback)
Chasing the price at the top of a vertical move is risky. A safer Long entry would be on a retest of support.
Entry Zone: $0.0255 - $0.0260
Target (Take Profit): $0.0330
Stop Loss: $0.0235 (below the MA25)