$SPCX just jumped +15.77% - now comes the interesting part.
The move from ~$155 to $134 happened fast.
Now price is consolidating around $132-134, right below the 24H high at $134.47.
👀What I'm watching:
👉Can $SPCX break $134.47 with volume ?
👉Can it hold the ~ $132 area after the breakout?
👉If it pulls back, $127-128 is the level I'd watch.
The trend is clearly strong on the 1H chart-- but after a move like this, chasing isn't the same as confirmation.
Breakout or pullback? I'm watching the next move closely.
The move from ~$155 to $134 happened fast.
Now price is consolidating around $132-134, right below the 24H high at $134.47.
👀What I'm watching:
👉Can $SPCX break $134.47 with volume ?
👉Can it hold the ~ $132 area after the breakout?
👉If it pulls back, $127-128 is the level I'd watch.
The trend is clearly strong on the 1H chart-- but after a move like this, chasing isn't the same as confirmation.
Breakout or pullback? I'm watching the next move closely.