$SPCX Is it SHORT? The valuation is starting to lose oxygen… 👀
After the push from the $104 area to the $149.49 high, SPCX shows several red candles and is trading near $139.13. The RSI has fallen to 61.56, a sign that the momentum is cooling, while the stochastic remains high, around 83–88—a zone where profit-taking often appears.
But it’s not an automatic short yet: the price stays above the Supertrend, near $114.83, and above the Bollinger Band midline at $124.03. As long as those supports hold, it may just be a pause before another bullish attempt.
Levels to watch:
Rejection below $141–$145: confirms short-term weakness.
Loss of $125–$124: would give a more serious short signal, with a possible visit to $115.
Recovery of $149.49 with volume: invalidates the bearish bias and opens another squeeze leg.
This isn’t about guessing the top: it’s about waiting for the price to lose support. Without confirmation, the short could turn into the next liquidation.
#SPCX #Trading #Crypto #Short #Long #RSI #BollingerBands #RiskManagement
After the push from the $104 area to the $149.49 high, SPCX shows several red candles and is trading near $139.13. The RSI has fallen to 61.56, a sign that the momentum is cooling, while the stochastic remains high, around 83–88—a zone where profit-taking often appears.
But it’s not an automatic short yet: the price stays above the Supertrend, near $114.83, and above the Bollinger Band midline at $124.03. As long as those supports hold, it may just be a pause before another bullish attempt.
Levels to watch:
Rejection below $141–$145: confirms short-term weakness.
Loss of $125–$124: would give a more serious short signal, with a possible visit to $115.
Recovery of $149.49 with volume: invalidates the bearish bias and opens another squeeze leg.
This isn’t about guessing the top: it’s about waiting for the price to lose support. Without confirmation, the short could turn into the next liquidation.
#SPCX #Trading #Crypto #Short #Long #RSI #BollingerBands #RiskManagement