$SPCXB has entered a consolidation phase after a strong move, and the price is now sitting just above a key support zone. The recent candles suggest sellers are losing momentum, but buyers still need to clear the nearby resistance before the next leg higher is confirmed.
I'm not expecting an immediate breakout, but this is the type of structure where patience usually pays off.
📈 Trade Plan (LONG)
Entry: $128.80 – $130.20
Stop-Loss: $123.80
TP1: $135.50
TP2: $141.80
TP3: $149.50
Market Dynamics
Momentum has cooled after the previous rally, and volume is beginning to stabilize. That's often a sign the market is preparing for its next move. If SPCXB reclaims $133.50 with strong buying volume, the probability of a continuation toward the mid-$140s increases. On the downside, losing $124 would weaken the current structure and could trigger another corrective wave.
My Strategy
I'm not chasing price after green candles. I'd rather wait for a controlled pullback into the entry zone and look for buyers to defend it. If the setup confirms, I'll take partial profits at each target and move my stop to break even after TP1. If support fails, I'll step aside and wait for a cleaner opportunity.
As long as SPCXB holds above the key support zone, I still favor buying dips over chasing momentum.
click here to trade 👇🏻
#SKHynixToInvest19.1TWonInM17Plant
I'm not expecting an immediate breakout, but this is the type of structure where patience usually pays off.
📈 Trade Plan (LONG)
Entry: $128.80 – $130.20
Stop-Loss: $123.80
TP1: $135.50
TP2: $141.80
TP3: $149.50
Market Dynamics
Momentum has cooled after the previous rally, and volume is beginning to stabilize. That's often a sign the market is preparing for its next move. If SPCXB reclaims $133.50 with strong buying volume, the probability of a continuation toward the mid-$140s increases. On the downside, losing $124 would weaken the current structure and could trigger another corrective wave.
My Strategy
I'm not chasing price after green candles. I'd rather wait for a controlled pullback into the entry zone and look for buyers to defend it. If the setup confirms, I'll take partial profits at each target and move my stop to break even after TP1. If support fails, I'll step aside and wait for a cleaner opportunity.
As long as SPCXB holds above the key support zone, I still favor buying dips over chasing momentum.
click here to trade 👇🏻
#SKHynixToInvest19.1TWonInM17Plant