$SPCXB REJECTS $149 – SHORT SETUP IN PLAY 📉🎯
Entry: $142.40–$143.00 📌
TP1: $140.00 🎯
TP2: $136.00 🎯
TP3: $130.87 🎯
Stop Loss: $146.54 🛑
Price broke down sharply from the upper range after sellers defended the $146–$149 resistance zone on the 1H chart. The structure now reads as a classic bearish reversal, with $SPCXB struggling to reclaim $143 as dynamic supply. Continued weakness below this level opens the path toward lower liquidity pools, starting with $140 and then the $136 threshold.
The deeper target at $130.87 aligns with the prior imbalance—a textbook inefficiency fill waiting to be swept. The rejected zone leaves a clear footprint of institutional selling, and the retest of $143 becomes the pivot line for bias. If price holds below, the path of least resistance remains downward.
Do you see this retest of $143 as a short entry or a trap for breakdown traders? Drop your structure read below. 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SPCXB #Bearish #ShortSetup #SMC #CryptoAnalysis
📊💡
Entry: $142.40–$143.00 📌
TP1: $140.00 🎯
TP2: $136.00 🎯
TP3: $130.87 🎯
Stop Loss: $146.54 🛑
Price broke down sharply from the upper range after sellers defended the $146–$149 resistance zone on the 1H chart. The structure now reads as a classic bearish reversal, with $SPCXB struggling to reclaim $143 as dynamic supply. Continued weakness below this level opens the path toward lower liquidity pools, starting with $140 and then the $136 threshold.
The deeper target at $130.87 aligns with the prior imbalance—a textbook inefficiency fill waiting to be swept. The rejected zone leaves a clear footprint of institutional selling, and the retest of $143 becomes the pivot line for bias. If price holds below, the path of least resistance remains downward.
Do you see this retest of $143 as a short entry or a trap for breakdown traders? Drop your structure read below. 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SPCXB #Bearish #ShortSetup #SMC #CryptoAnalysis
📊💡