Guys, I’m in! I’m aggressively shorting the big rocket SPCX—this time, it’s either get rich quick, or get liquidated! And I’ll also talk about the opportunities in gold and BTC.
1. First, the big rocket. SPCX spiked hard in the short term. Shu Qin has been watching coldly from the sidelines, but now—I can’t hold it in anymore, I’m making my move! Because it’s finally approaching the major resistance at $150, it’s time to short it for a round. The question is: where do we short to?
2. SPCX jumped about 50% in the short term. Once it pulls back, the room for the pullback isn’t small. If it retraces 10% from a 50% rise, it would be around 133. Also, there’s minor support around 142 mid-way, so you can take some profits there too, as shown in the chart. Shu Qin actually entered a short at 148—wish me luck!
3. But everyone needs to pay attention: SPCX is highly volatile and has a built-in 10x leverage. So if you trade with 1x, the volatility is still pretty high—don’t use high leverage. With low leverage, even if you get stuck, you can hold onto it, and when it later unlocks another large tranche, it will come down. If it’s high leverage, then you must set a stop-loss. A small breakout above the 153 resistance level is enough to stop out. The win rate and risk-reward are still quite good.
4. As for Bitcoin, there hasn’t been much movement recently—too few opportunities. On the other hand, gold is starting to move. Earlier, Shu Qin encouraged everyone to buy around the 4000 level, and talked about it for two rounds. Congratulations—you can take profit on the long side. As for shorting, that was done at the 4500 major resistance. I’m going to flip and short it aggressively—let’s see if it dares to come.
5. Also, the crude oil CL and BZ shorts that Shu Qin talked about these days have been performing well. We set shorts at good levels for both. I’m shorting BZ because its price is a bit inflated. As shown in the chart, it delivered another 3000U profit. It’s really so satisfying—just keep following Shu Qin’s moves like this~
1. First, the big rocket. SPCX spiked hard in the short term. Shu Qin has been watching coldly from the sidelines, but now—I can’t hold it in anymore, I’m making my move! Because it’s finally approaching the major resistance at $150, it’s time to short it for a round. The question is: where do we short to?
2. SPCX jumped about 50% in the short term. Once it pulls back, the room for the pullback isn’t small. If it retraces 10% from a 50% rise, it would be around 133. Also, there’s minor support around 142 mid-way, so you can take some profits there too, as shown in the chart. Shu Qin actually entered a short at 148—wish me luck!
3. But everyone needs to pay attention: SPCX is highly volatile and has a built-in 10x leverage. So if you trade with 1x, the volatility is still pretty high—don’t use high leverage. With low leverage, even if you get stuck, you can hold onto it, and when it later unlocks another large tranche, it will come down. If it’s high leverage, then you must set a stop-loss. A small breakout above the 153 resistance level is enough to stop out. The win rate and risk-reward are still quite good.
4. As for Bitcoin, there hasn’t been much movement recently—too few opportunities. On the other hand, gold is starting to move. Earlier, Shu Qin encouraged everyone to buy around the 4000 level, and talked about it for two rounds. Congratulations—you can take profit on the long side. As for shorting, that was done at the 4500 major resistance. I’m going to flip and short it aggressively—let’s see if it dares to come.
5. Also, the crude oil CL and BZ shorts that Shu Qin talked about these days have been performing well. We set shorts at good levels for both. I’m shorting BZ because its price is a bit inflated. As shown in the chart, it delivered another 3000U profit. It’s really so satisfying—just keep following Shu Qin’s moves like this~