SPCX has bounced to the top. I’m going to short directly at 148.76. In the last 4 hours there were 6 K-lines, and the shorts ate 4 of them. The price broke through the moving average and is still sliding lower. The daily chart shows a big bearish candle that broke below the previous low without looking back—this isn’t a pullback; it’s a structure shift. Open interest in the futures surged 23.1% in seven hours. The longs are holding the line and not covering, but the price couldn’t even hold the 24-hour low at 148.04—holding up only digs it deeper. Active buys account for 79% but they still can’t push the price higher. This is the long side using “good news” to distribute. Whale accounts have longs at 69%, but the number of accounts has barely increased; the old longs adding positions can’t serve as a lifeline. 142.00 is the first target. If it breaks, watch for 136.00. Set your stop-loss at 155.00—don’t let those who are holding losing positions delay you from making money.