SPCX is now around 140 and has been pushed back to the top edge of the trading range. First, the conclusion—I'm not chasing here. More positions are likely to be “waiting from the sidelines” (squatting), and what I’m waiting for is still that one breath.
Yes, it’s really rising. The four-hour bullish candle is pressing against the bearish one, and the 15-minute moving averages have also climbed above. It moved from 139 to 140.3—its price structure is indeed repairing. But if you look at the order flow underneath, that’s where the problem is hidden.
Open interest shrank by another more than 2% in a day. Leverage not only didn’t move in—it’s being pulled out. Across eight settlement windows, none are positive; the average is hovering slightly negative—nobody wants to pay money to go long. What stands out most is aggressive trading: within seven hours, they cut away more than half. In the spot large-order window, not even a single “hair” of volume was recorded.
In plain terms, this is an upside attempt without supplies. The price is creeping up, but the fuel for pushing the price higher is empty. On the big-player side, the number of accounts is also shrinking. The long position share still hasn’t quite crossed into majority—it’s short by just a breath. They’re bullish in words, but their hands aren’t following.
My view: the direction isn’t broken, but chasing orders here isn’t good value. If it pushes up into the 144 resistance area and you buy in then, you’re just taking a post. Wait for a pullback, or wait until positions stop falling and the proactive volume starts expanding again—that’s when it’s not too late to get on. Hold if you’re holding; don’t rush if you haven’t boarded.
#spcx $SPCX
Yes, it’s really rising. The four-hour bullish candle is pressing against the bearish one, and the 15-minute moving averages have also climbed above. It moved from 139 to 140.3—its price structure is indeed repairing. But if you look at the order flow underneath, that’s where the problem is hidden.
Open interest shrank by another more than 2% in a day. Leverage not only didn’t move in—it’s being pulled out. Across eight settlement windows, none are positive; the average is hovering slightly negative—nobody wants to pay money to go long. What stands out most is aggressive trading: within seven hours, they cut away more than half. In the spot large-order window, not even a single “hair” of volume was recorded.
In plain terms, this is an upside attempt without supplies. The price is creeping up, but the fuel for pushing the price higher is empty. On the big-player side, the number of accounts is also shrinking. The long position share still hasn’t quite crossed into majority—it’s short by just a breath. They’re bullish in words, but their hands aren’t following.
My view: the direction isn’t broken, but chasing orders here isn’t good value. If it pushes up into the 144 resistance area and you buy in then, you’re just taking a post. Wait for a pullback, or wait until positions stop falling and the proactive volume starts expanding again—that’s when it’s not too late to get on. Hold if you’re holding; don’t rush if you haven’t boarded.
#spcx $SPCX