Trade Setup: Long $SPK
Pair: $SPK / USDT
Timeframe: 15m (Short-Term/Scalp)
Technical Analysis:
$SPK is exhibiting strong bullish momentum, currently trading up over 40% for the day. The 15-minute chart shows the asset entering a consolidation phase after hitting a local high of 0.057000. The price is maintaining structure above both the 7 EMA (0.053674) and 25 EMA (0.050324), indicating that buyers are still defending support levels. A successful hold in this zone sets up a potential breakout continuation.
Entry Zone:
0.05350 - 0.05450 (Current consolidation zone near the 7 EMA)
Take Profit Targets:
TP1: 0.05700 (Retest of the recent high)
TP2: 0.06000 (Psychological resistance level)
TP3: 0.06400 (Extended breakout target)
Stop Loss:
0.04950 (Placed just below the 25 EMA support to account for market noise)
