$SPACE | V-Shaped Recovery from Demand, Momentum Building
Following a steep selloff, price has formed a sharp V-shaped recovery from the 0.00410 demand zone, reclaiming the 0.0046–0.0047 area and printing higher highs and higher lows on the 1-hour chart. This signals a short-term trend reversal, with potential for further upside if support holds.
Entry Zone: 0.00465 – 0.00485
Stop Loss: 0.00410 (below demand)
Take Profit Targets: 0.00520 / 0.00580 / 0.00650
Key Levels:
· Support / Reclaimed Zone: 0.0046 – 0.00485
· Resistance Targets: 0.00520, 0.00580, 0.00650
· Invalidation: Loss of 0.00410 support
Debate: Can SPACE reclaim the 0.0055 area and confirm a stronger trend shift?
Strategy: Consider long positions on a pullback into the entry zone, confirming the recovery structure remains intact. The setup targets a move toward the next supply zones.
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