🔻 $SPCX CRACKS KEY MOVING AVERAGES WHILE SELLER DISTRIBUTION ACCELERATES ACROSS TIMEFRAMES! 🚨
Entry: 145.06661 - 145.21339 ⚡
Target: 141.41391 🎯
Stop Loss: 147.00305 🛑
Sellers are firmly steering the tape as $SPCX prints a clean structural breakdown below both the 50 and 200 EMAs on the 1-hour and 4-hour charts. 📉 Momentum heavily favors the downside with the 4-hour RSI compressed down at 30.1, showing sustained institutional selling pressure.
💡 Keep your execution tight within the entry zone and size moderately, keeping a watchful eye on the 0.65 correlation to $BTC if market-wide bids attempt a push higher. 💬 Are you leaning into this trend continuation short or waiting for Bitcoin to sweep local liquidity first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SPCX #ShortSetup #Bearish #TechnicalAnalysis
🎯 🐻
Entry: 145.06661 - 145.21339 ⚡
Target: 141.41391 🎯
Stop Loss: 147.00305 🛑
Sellers are firmly steering the tape as $SPCX prints a clean structural breakdown below both the 50 and 200 EMAs on the 1-hour and 4-hour charts. 📉 Momentum heavily favors the downside with the 4-hour RSI compressed down at 30.1, showing sustained institutional selling pressure.
💡 Keep your execution tight within the entry zone and size moderately, keeping a watchful eye on the 0.65 correlation to $BTC if market-wide bids attempt a push higher. 💬 Are you leaning into this trend continuation short or waiting for Bitcoin to sweep local liquidity first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SPCX #ShortSetup #Bearish #TechnicalAnalysis
🎯 🐻