【$SPK Signal】1H Bulls collapse; the short-covering window opens for bears

$SPK 1H MACD forms a death cross and the histogram bars expand; RSI falls from a high of 78 to 57, with a clear buying-pressure gap. The 4H Bollinger Bands’ upper band at 0.0558 acts as resistance; the price declines for three consecutive K-lines. The funding rate of -0.67% suggests bears dominate, but OI remains stable, implying a risk of short covering.

🎯 Direction: Go short

⚡ Entry/Order: Short at the current price 0.05258, or add on a rebound to 0.05353

🛑 Stop loss: 0.0558

🚀 Target 1: 0.05353

🚀 Target 2: 0.06126

🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss down to the entry price. If the price rebounds and breaks above 0.0558, exit strictly to avoid the risk of a short squeeze.

Underlying logic: On the 1H timeframe, buying pressure is below 0.5 for three consecutive candles, meaning continuous selling pressure keeps being released. On 4H, the MACD momentum histogram begins to contract, showing that the bulls’ offensive strength is weakening. The current risk-reward ratio is average, but with negative funding rates and crowded shorts, a rebound near 0.05353 is a better spot to target.

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