Timeframe: 1H
Don't be surprised if $SPCX initially gives buyers hope.
This is how the market most often gathers liquidity before a strong move.
The 110.59–112.05 zone currently looks key for sellers.
If the price is rejected, the first target will be 107.25.
Next — 104.31.
With increased pressure, the move may continue to 102–95.33.
Stop-loss: above 117.52.
As long as the price remains below 114.07–117.52, the advantage stays with the sellers.
What do you think—will we see 104.31 today?
#PriceAction #SPCX
Don't be surprised if $SPCX initially gives buyers hope.
This is how the market most often gathers liquidity before a strong move.
The 110.59–112.05 zone currently looks key for sellers.
If the price is rejected, the first target will be 107.25.
Next — 104.31.
With increased pressure, the move may continue to 102–95.33.
Stop-loss: above 117.52.
As long as the price remains below 114.07–117.52, the advantage stays with the sellers.
What do you think—will we see 104.31 today?
#PriceAction #SPCX