$SPCXB ROCKET FELL APART? OR IS THIS A FALSE BREAKOUT? 📉
$SPCX finally managed to crawl out of the prolonged drop and is trying to break the trend. But don’t get too excited yet!
On the chart, the price is hitting the descending trend line head-on ($139.2). Volume is starting to decline, which means the buyer is weakening. If we don’t break the trend line, we’re heading for another dump to $134.
Are you shorting under the trendline, or waiting for an upside breakout? 👇
#SPCX #SpaceX
$SPCX finally managed to crawl out of the prolonged drop and is trying to break the trend. But don’t get too excited yet!
On the chart, the price is hitting the descending trend line head-on ($139.2). Volume is starting to decline, which means the buyer is weakening. If we don’t break the trend line, we’re heading for another dump to $134.
Are you shorting under the trendline, or waiting for an upside breakout? 👇
#SPCX #SpaceX