【$SPK Signal】Waiting for a pullback, low-level accumulation

$SPK 1H timeframe surges higher then consolidates with decreasing volume, price close to the upper Bollinger band. 4H MACD histogram still expanding, but 1H histogram has started to contract, indicating a divergence in momentum. Market depth is unbalanced -1.59%, sell orders are slightly thicker.

Price is range-bound around 0.0368, bullish momentum weakening. Do not chase high at this level, wait for a decent pullback.

⚡Orders are placed around 0.0298, which is the resonance zone of the 4H EMA20 and the 1H middle Bollinger band.

🛑Defense is set below 0.0262; a break below would invalidate the structure.

🚀First target is 0.0369, near the previous high.

🚀Second target is 0.0405, with room to move higher.

🛡️Trading management:
- Execution strategy: After reaching target 1, reduce position by 50%, and move stop-loss to breakeven. If price falls back into the entry zone, exit automatically to protect capital.

Currently, RSI on 1H is at 70, on 4H at 79, overbought conditions pose higher risk for chasing. Funding rate is 0.5%, not extreme, but open interest remains stable with no clear signs of liquidation. A safer approach is to wait for the price to pull back to key moving averages, using space to gain certainty.

Check real-time market 👇 $SPK
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