🚨 SPCX SHORTS JUST GOT SQUEEZED!

💥 $91.2K Short Liquidated at $172.97

The bears stepped in… and the market forced them to pay. ⚡

📊 What stands out:
• Liquidation level: $172.97
• Short liquidation: $91.2K
• SPCX currently around $172
• 24H move: roughly +7%
• Perp OI remains elevated, meaning leverage is still heavy.

🔥 My Read on the Next Move

This looks like a bullish squeeze environment, but chasing the candle here is risky.

If SPCX can hold the $170–172 zone and buyers continue absorbing supply, the next expansion could target $180 → $190.

⚠️ But if price loses $170 decisively, expect a cooldown/retest before another attempt higher.

🎯 Signal Bias: BULLISH
Key Support: $170–172
Upside Watch: $180 / $190
Invalidation: Sustained break below $170

The short side is already getting punished — now watch whether fresh buyers can turn this squeeze into a genuine breakout. 🚀

Not financial advice. Manage leverage and risk.

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