$SPK /USDC BULLISH CONTINUATION SETUP
Market Structure:
Price is holding above the Supertrend (10,3) after a steady bullish move, forming higher lows and consolidating near key resistance. The structure suggests accumulation, indicating continuation toward the next upside targets as buyers maintain control.
Trend & Momentum:
Supertrend acting as dynamic support, confirming bullish bias.
EMA and MA alignment favors continuation within the current uptrend.
Volume during rallies reflects strong buyer participation and trend sustainability.
Trade Plan – LONG SETUP:
Entry Zone: 0.0227 – 0.02295
Targets:
TP1: 0.02296
TP2: 0.02330
TP3: 0.02376
Stop Loss: 0.02150 (below Supertrend and key support)
Invalidation:
A decisive break below the stop-loss level would invalidate the bullish setup and signal potential deeper correction.
Risk Management:
Risk a small fixed percentage per trade, secure partial profits at targets, and trail stop loss after TP1 to protect gains.
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