【$SPK Signal】1H resistance encountered, pull back to buy low

$SPK 1H level surges then falls back, Bollinger upper band around 0.0382 shows selling pressure, buying depth is unbalanced at only 0.43%, bullish momentum is exhausted. MACD double-cycle histogram bars shrink simultaneously, price remains firm near 0.0376, but 1H volume declines, active buying willingness decreases. In a negative rate environment of -0.0163%, open interest remains stable, this structure is prone to quick pullbacks.

If the price can find support at the lower end of the 0.03066 to 0.03744 range, it’s a low-entry opportunity.

Current price around 0.03763, lightly short now, stop-loss below 0.02667.

First target at 0.03865, second target at 0.04265.

After reaching the first target, halve the position, and move the remaining stop-loss up to the breakeven price. If the price directly falls back into the entry zone, exit unconditionally.

4H MACD shows a golden cross but bars are flattening, price is too far from EMA20, indicating a technical pullback is needed. 1H RSI has fallen from overbought to 60, after a buy-side gap, new funds are needed to continue the rally. Current risk-reward ratio is acceptable, but be cautious of the high volatility of hot coins; position management is more important than direction judgment.

Check real-time quotes 👇 $SPK
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