🚨 $SPCX SHORTS JUST GOT SQUEEZED! 🚨
💥 $172K Short Liquidation at $172.48 — that’s a serious forced-buy event and a strong sign that bearish leverage is getting punished.
📊 Market snapshot:
💰 Liquidated Short: $172K
🎯 Liquidation Price: $172.48
📈 SPCX is around $171–172
🔥 24H move: roughly +7–8%
⚡ Perpetual OI remains elevated, meaning leverage is still heavy.
🔮 My Read on the Next Move
Bias: BULLISH, but watch the breakout.
If SPCX can reclaim and hold $172.50–$173, another wave of short covering could push price toward $178–$180.
🟢 Bullish trigger: sustained move above $173
🎯 Upside zones: $178 → $180 → $185
⚠️ Invalidation: losing the $168–$170 area with momentum
The key is whether buyers can turn this liquidation spike into follow-through, rather than allowing price to reject the highs.
Signal-provider view:
> SHORTS ARE UNDER PRESSURE — LET PRICE CONFIRM THE BREAKOUT.
Don’t chase the candle; wait for confirmation and manage leverage tightly.
Not financial advice. Tokenized SPCX and its perpetual markets can behave very differently from the underlying stock.
#BinanceLaunchesBinanceIntelligence #EvernorthXRPTreasuryCompletesSPACMerger #ETHUp70%InQ3ButLiquidityFalls #FedOctoberHoldOdds82.3% #Nikkei225Jumps2.5%ToThreeMonthHigh
💥 $172K Short Liquidation at $172.48 — that’s a serious forced-buy event and a strong sign that bearish leverage is getting punished.
📊 Market snapshot:
💰 Liquidated Short: $172K
🎯 Liquidation Price: $172.48
📈 SPCX is around $171–172
🔥 24H move: roughly +7–8%
⚡ Perpetual OI remains elevated, meaning leverage is still heavy.
🔮 My Read on the Next Move
Bias: BULLISH, but watch the breakout.
If SPCX can reclaim and hold $172.50–$173, another wave of short covering could push price toward $178–$180.
🟢 Bullish trigger: sustained move above $173
🎯 Upside zones: $178 → $180 → $185
⚠️ Invalidation: losing the $168–$170 area with momentum
The key is whether buyers can turn this liquidation spike into follow-through, rather than allowing price to reject the highs.
Signal-provider view:
> SHORTS ARE UNDER PRESSURE — LET PRICE CONFIRM THE BREAKOUT.
Don’t chase the candle; wait for confirmation and manage leverage tightly.
Not financial advice. Tokenized SPCX and its perpetual markets can behave very differently from the underlying stock.
#BinanceLaunchesBinanceIntelligence #EvernorthXRPTreasuryCompletesSPACMerger #ETHUp70%InQ3ButLiquidityFalls #FedOctoberHoldOdds82.3% #Nikkei225Jumps2.5%ToThreeMonthHigh