$SPCX This time the iron bears are having it a bit tough. Is the rocket really starting to take off now?
First of all, yesterday at around 135, Sister Min’s short position is still being held. If your position isn’t heavy, you can wait for the rocket to fall.
Yesterday it surged straight to $150 in one go, and that really scared off 90% of retail traders in the market. Right now the rocket is consolidating around 146 at a high level. During the day, the price action won’t change much. The main thing is to bleed off retail traders’ shares and grind down their mindset. You can pause the shorts for now; only start adding back when the trend becomes clear!
Personally, I think the rocket is already at a pressure level at this point. This time, although it did successfully break above the IPO offering price and held, whether it can break through $150 is still unknown. Therefore, you can keep an eye on the pressure level and maintain a light short position; reduce the leverage/lot size. The target is to double!!!
First of all, yesterday at around 135, Sister Min’s short position is still being held. If your position isn’t heavy, you can wait for the rocket to fall.
Yesterday it surged straight to $150 in one go, and that really scared off 90% of retail traders in the market. Right now the rocket is consolidating around 146 at a high level. During the day, the price action won’t change much. The main thing is to bleed off retail traders’ shares and grind down their mindset. You can pause the shorts for now; only start adding back when the trend becomes clear!
Personally, I think the rocket is already at a pressure level at this point. This time, although it did successfully break above the IPO offering price and held, whether it can break through $150 is still unknown. Therefore, you can keep an eye on the pressure level and maintain a light short position; reduce the leverage/lot size. The target is to double!!!