📉 $SPCX (SpaceX) — Rebounded from the bottom 104 to 142, hit the 0.382 retracement level (≈151) resistance zone
Looking at the 4H chart, the downward trendline has been broken, but there’s heavy overhead supply (150–160 is the previous trapped-capital zone)
📌 I’m watching these levels:
- First resistance: 150–151 (0.382) → Only if there’s volume expansion beyond it can we consider going long
- Second resistance: 179–184 (0.618–0.66) → A real reversal signal
My plan?
I won’t chase this bounce.
Wait for it to hold above 150, or if it pulls back to 133 and doesn’t break, then consider a small position.
⚠️ Reminder to myself:
US stocks are volatile, and SPCX is a high-beta instrument—don’t use leverage.
Right now it’s an “observation period,” not a “go all-in” period.
DYOR | Chart from TradingView
Looking at the 4H chart, the downward trendline has been broken, but there’s heavy overhead supply (150–160 is the previous trapped-capital zone)
📌 I’m watching these levels:
- First resistance: 150–151 (0.382) → Only if there’s volume expansion beyond it can we consider going long
- Second resistance: 179–184 (0.618–0.66) → A real reversal signal
My plan?
I won’t chase this bounce.
Wait for it to hold above 150, or if it pulls back to 133 and doesn’t break, then consider a small position.
⚠️ Reminder to myself:
US stocks are volatile, and SPCX is a high-beta instrument—don’t use leverage.
Right now it’s an “observation period,” not a “go all-in” period.
DYOR | Chart from TradingView