I wouldn't chase SPCX here. The chart is actually more interesting because price is sitting right where the short-term trend needs to prove itself.
SPCX is trading around $148.41, after moving from the $130.17 area and reaching a visible 1H high of $154.76. Since that spike, price has mostly moved sideways between roughly $146-$154, creating a clear consolidation range.
The moving averages are now compressed around price: MA7 = $150.01, MA14 = $149.03 and MA28 = $148.96. That tells me momentum has cooled rather than giving a clean directional signal.
There's also an important product catalyst: Bybit says SPCX perpetuals trade 24/7, and SPCX/NVDA perpetual options are scheduled to begin September 17 at 20:00 UTC.
My conditional plan:
Long entry: $147.5-$149.0 after support confirmation
Stop: $145.8
TP1: $152.5
TP2: $154.76
TP3: $158.0
Approx. R:R: 1.7R/ 2.9R/5R
The stronger signal would be a 1H close above $152.51, followed by a successful retest. If $145.8 breaks, I'd invalidate the long rather than force it.
One lesson I keep applying: when price is trapped inside a range, patience is a position too.
RSI, MACD and volume aren't visible, so I won't pretend they confirm this setup.
Would you trade the range, or wait for $SPCX to break $152.51 before taking a position?
$PIPPIN , $POWER
SPCX is trading around $148.41, after moving from the $130.17 area and reaching a visible 1H high of $154.76. Since that spike, price has mostly moved sideways between roughly $146-$154, creating a clear consolidation range.
The moving averages are now compressed around price: MA7 = $150.01, MA14 = $149.03 and MA28 = $148.96. That tells me momentum has cooled rather than giving a clean directional signal.
There's also an important product catalyst: Bybit says SPCX perpetuals trade 24/7, and SPCX/NVDA perpetual options are scheduled to begin September 17 at 20:00 UTC.
My conditional plan:
Long entry: $147.5-$149.0 after support confirmation
Stop: $145.8
TP1: $152.5
TP2: $154.76
TP3: $158.0
Approx. R:R: 1.7R/ 2.9R/5R
The stronger signal would be a 1H close above $152.51, followed by a successful retest. If $145.8 breaks, I'd invalidate the long rather than force it.
One lesson I keep applying: when price is trapped inside a range, patience is a position too.
RSI, MACD and volume aren't visible, so I won't pretend they confirm this setup.
Would you trade the range, or wait for $SPCX to break $152.51 before taking a position?
$PIPPIN , $POWER
