📊 $SPCX (SpaceX) - Structural Analysis (4H)
The asset extended its parabolic uptrend to set a new HH (Higher High) at $172.63, where the wick showed supply rejection and triggered a pullback to retest the psychological level at $170.00. It is trading at $170.21 (-1.00%), seeking to establish a flip floor above the previous breakout to maintain price discovery on the 4H timeframe.
🔹 Key Levels: • Resistance: $172.63 (HH / Immediate New All-Time High) | $176.00 (Higher Structural HH / Bullish Projection) | $180.00 (Macro Psychological Target)
• Support: $170.00 (Immediate Candle Low / Psychological Support) | $165.76 (Broken Previous HH / Key Support Flip) | $158.00 - $161.00 (Key Structural HL / Impulse Base)
📌 Scenarios:
Bullish: Holding the 4H candle body above $170.00 and breaking above $172.63 (HH) would extend the expansive trend, with a direct target in the $176.00 range and a projection toward $180.00.
Bearish: A candle close below $170.00 would trigger a polarity correction toward the flip floor at $165.76 (Broken Previous HH), allowing supply to be reabsorbed before the structure of ascending highs resumes.
#Tradfi
The asset extended its parabolic uptrend to set a new HH (Higher High) at $172.63, where the wick showed supply rejection and triggered a pullback to retest the psychological level at $170.00. It is trading at $170.21 (-1.00%), seeking to establish a flip floor above the previous breakout to maintain price discovery on the 4H timeframe.
🔹 Key Levels: • Resistance: $172.63 (HH / Immediate New All-Time High) | $176.00 (Higher Structural HH / Bullish Projection) | $180.00 (Macro Psychological Target)
• Support: $170.00 (Immediate Candle Low / Psychological Support) | $165.76 (Broken Previous HH / Key Support Flip) | $158.00 - $161.00 (Key Structural HL / Impulse Base)
📌 Scenarios:
Bullish: Holding the 4H candle body above $170.00 and breaking above $172.63 (HH) would extend the expansive trend, with a direct target in the $176.00 range and a projection toward $180.00.
Bearish: A candle close below $170.00 would trigger a polarity correction toward the flip floor at $165.76 (Broken Previous HH), allowing supply to be reabsorbed before the structure of ascending highs resumes.
#Tradfi