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SPK — Sitting on Daily Demand (first reaction zone)
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SPKUSDT has bled into a clear daily demand area around $0.040 – $0.046 after a prolonged selloff. First tests of fresh demand often give a bounce.
Plan A (mean-reversion long): Hunt longs inside or just after a sweep of $0.040 – $0.046.
Possible triggers: a deviation below ~$0.040 and close back inside, a higher-low on LTF, or a clean break/retest of ~$0.046.
Targets: $0.055–0.056 (recent pivot) → $0.065–0.070 (mid supply) → stretch $0.080–0.090 if momentum holds.
Invalidation: A daily close < ~$0.039 (no acceptance back above) — cut and reassess.
Plan B (breakdown): If $0.039 fails decisively, step aside. Next supports sit lower toward $0.033 → $0.028 where fresh bids might appear.
Risk: SPK can wick violently (thin book / newsy moves). Size down, wait for confirmation, and trail stops once TP1 hits.
All Strategies Are Good; If Managed Properly!
~Richard Nasr
