$SPCX is showing strong bullish repricing across the 1H, 4H, and daily timeframes.
According to ICT/SMC trading logic, price swept the sellers’ liquidity (Sell-Side Liquidity) around 104.09, then produced a clear displacement, breaking above the previous swing high and resulting in a market structure shift (Market Structure Shift).
The strong impulse wave on the 4H timeframe supports an upside move similar to Elliott Wave 3. While price remains above the Fibonacci retracement zone of 127.25–122.82 (23.6%–38.2%), it is more likely to see a shallow pullback followed by further upside.
If price retraces further into 119.25–115.66 (50%–61.8%), near-term bullish momentum will weaken somewhat; however, as long as price can reclaim that area, the larger bullish structure can still remain intact.
RSI is currently at a relatively high level, so chasing price near the resistance zone carries some risk. Price may first run a liquidity sweep (Liquidity Sweep) or fill a Fair Value Gap, and then continue higher.
Entry zone: 126.50–129.00
Stop loss: 121.80
TP1: 135.92
TP2: 142.63
TP3: 153.12
*Trade $SPCX here👇🏻👇🏻
According to ICT/SMC trading logic, price swept the sellers’ liquidity (Sell-Side Liquidity) around 104.09, then produced a clear displacement, breaking above the previous swing high and resulting in a market structure shift (Market Structure Shift).
The strong impulse wave on the 4H timeframe supports an upside move similar to Elliott Wave 3. While price remains above the Fibonacci retracement zone of 127.25–122.82 (23.6%–38.2%), it is more likely to see a shallow pullback followed by further upside.
If price retraces further into 119.25–115.66 (50%–61.8%), near-term bullish momentum will weaken somewhat; however, as long as price can reclaim that area, the larger bullish structure can still remain intact.
RSI is currently at a relatively high level, so chasing price near the resistance zone carries some risk. Price may first run a liquidity sweep (Liquidity Sweep) or fill a Fair Value Gap, and then continue higher.
Entry zone: 126.50–129.00
Stop loss: 121.80
TP1: 135.92
TP2: 142.63
TP3: 153.12
*Trade $SPCX here👇🏻👇🏻