đ SPCX 1H Technical Analysis | Critical Support Zone Could Decide the Next Move
$SPCX is showing a short-term bearish structure on the 1-hour chart, with price currently around 136.83 after a strong rejection from the higher levels.
đ 1H Market Structure
The latest candle pushed down toward 136.55, showing that sellers are currently controlling the short-term momentum. At the same time, the increase in volume on the latest bearish move makes the 136.55â136.21 area an important support zone to watch.
đ„ Key Levels
Support: 136.55 â 136.21
Resistance 1: 137.49
Resistance 2: 138.03
Major Resistance: 138.56 â 138.97
If SPCX successfully holds the 136.21â136.55 support zone and buyers step in with strong volume, a recovery toward 137.49 â 138.03 could develop.
However, a clean 1H candle close below 136.21 could increase bearish pressure and open the door for further downside.
đ Bullish Scenario
A strong bounce from support followed by a reclaim of 137.49 would be the first sign of recovery.
A breakout and 1H close above 138.03 could strengthen bullish momentum toward 138.56â138.97.
đ Bearish Scenario
If sellers break 136.21 with increasing volume, the current support structure would weaken considerably.
For now, the key battle is clearly around 136.21â136.55.
đ§ VIP Market View
SPCX is at a critical decision zone on the 1H timeframe.
The chart currently favors caution because of the strong bearish candle and rising sell volume.
đ„ Above 138.03: bullish momentum can strengthen.
â ïž Below 136.21: bearish pressure can accelerate.
đŻ 136.21â136.55: key zone to monitor for the next reaction.
This is a technical-analysis view based on the provided 1H chart, not financial advice. Always confirm price action and manage risk before making any trading decision.
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