🚨 SPCX BEARS ARE GETTING SQUEEZED AGAIN!
🟢 $106K SHORT LIQUIDATED
📍 Liquidation Level: $175.76
The pressure is building fast. Another batch of shorts has been forced out above the $175 mark, right after SPCX posted a powerful 7.6% rally in the previous session.
🔥 THE NEXT TEST
$175.75–$176 → Immediate breakout zone
$180 → First upside checkpoint
$185–$190 → Momentum expansion area
$200 → Psychological target if the squeeze keeps accelerating
$170–$171 → Key short-term defense
📈 MY VIEW: BULLISH MOMENTUM
If SPCX can hold above $175 and turn $176 into support, I’d look for a continuation toward $180 → $185, with $190 becoming realistic if buyers remain aggressive.
The backdrop is also interesting: Morgan Stanley has reiterated an Overweight rating with a $300 target, while investors are watching upcoming Starship developments and SpaceX's growing AI/Starlink story.
⚠️ But don't chase blindly.
A rejection around $176–$180, followed by a loss of $170, would suggest the squeeze is losing steam and could trigger profit-taking.
🎯 My preferred structure:
$176 breakout → hold → retest → $180 → $185+ 🚀
💣 $106K just got wiped from the short side.
Now the question isn't whether shorts are feeling the heat…
It's whether SPCX can turn $176 into the launchpad for the next leg. 🚀
#BinanceLaunchesBinanceIntelligence #EvernorthXRPTreasuryCompletesSPACMerger #ETHUp70%InQ3ButLiquidityFalls #FedOctoberHoldOdds82.3% #FedOctoberHoldOdds82.3%
🟢 $106K SHORT LIQUIDATED
📍 Liquidation Level: $175.76
The pressure is building fast. Another batch of shorts has been forced out above the $175 mark, right after SPCX posted a powerful 7.6% rally in the previous session.
🔥 THE NEXT TEST
$175.75–$176 → Immediate breakout zone
$180 → First upside checkpoint
$185–$190 → Momentum expansion area
$200 → Psychological target if the squeeze keeps accelerating
$170–$171 → Key short-term defense
📈 MY VIEW: BULLISH MOMENTUM
If SPCX can hold above $175 and turn $176 into support, I’d look for a continuation toward $180 → $185, with $190 becoming realistic if buyers remain aggressive.
The backdrop is also interesting: Morgan Stanley has reiterated an Overweight rating with a $300 target, while investors are watching upcoming Starship developments and SpaceX's growing AI/Starlink story.
⚠️ But don't chase blindly.
A rejection around $176–$180, followed by a loss of $170, would suggest the squeeze is losing steam and could trigger profit-taking.
🎯 My preferred structure:
$176 breakout → hold → retest → $180 → $185+ 🚀
💣 $106K just got wiped from the short side.
Now the question isn't whether shorts are feeling the heat…
It's whether SPCX can turn $176 into the launchpad for the next leg. 🚀
#BinanceLaunchesBinanceIntelligence #EvernorthXRPTreasuryCompletesSPACMerger #ETHUp70%InQ3ButLiquidityFalls #FedOctoberHoldOdds82.3% #FedOctoberHoldOdds82.3%