I'm watching coin $SPCX and see an excellent spot for a local short. Against the backdrop of fresh news about the postponement of yet more space missions and widespread profit-taking in the sector, the upward momentum is clearly fading. The chart has run into strong resistance, making a cautious pullback a reasonable expectation.
I'm planning to open a short position in the $157–$160 range. I've set take-profit levels at $154, $152, $150, and a final target at $146. I've placed the stop-loss above the resistance level at $164.
Manage your risk and don't use excessive leverage.
$SPCX
I'm planning to open a short position in the $157–$160 range. I've set take-profit levels at $154, $152, $150, and a final target at $146. I've placed the stop-loss above the resistance level at $164.
Manage your risk and don't use excessive leverage.
$SPCX