$SPCX Little sister shorted again! After pushing up, she immediately met resistance and dropped straight down, pulling out a long upper wick. The signal of weak topping strength is laid bare!
The price hits the resistance level and is heavily suppressed by large sell orders. When the bulls try to push higher, momentum runs out—there is a lot of overhead selling pressure.
The previous rally was originally driven by news and sentiment. After the good news is realized, capital can leave at any time. Now that the top has already formed, every attempt to surge higher just leads to a pullback—trying to break through further will be extremely difficult.
Don’t be fooled by a minor bounce. Every time price charges into the upper resistance zone is a shorting opportunity. Never chase into the high and take the bag. Once the bulls can’t hold up, the pullback won’t be small!
The price hits the resistance level and is heavily suppressed by large sell orders. When the bulls try to push higher, momentum runs out—there is a lot of overhead selling pressure.
The previous rally was originally driven by news and sentiment. After the good news is realized, capital can leave at any time. Now that the top has already formed, every attempt to surge higher just leads to a pullback—trying to break through further will be extremely difficult.
Don’t be fooled by a minor bounce. Every time price charges into the upper resistance zone is a shorting opportunity. Never chase into the high and take the bag. Once the bulls can’t hold up, the pullback won’t be small!
