Range-bound market is begging for a squeeze.
🟢 $SPCX /USDT |
Bias: LONG |
Confidence 89%
Entry: 152.67917 – 152.78083 |
SL: 150.63684
TP1: 154.29987 |
TP2: 155.34645 |
TP3: 156.91632
✅ If it plays out:
The 1h price sits at 152.73. If it pushes from this entry zone, I expect it to reach 154.30 first, then extend toward 155.35. The 15-minute RSI at 67.65 still has room before overbought. The 1-hour ATR of 0.87 shows enough momentum to carry the move.
❌ If it fails:
This setup fails if price slices through 150.64 and closes below 147.46, which would wipe the stop and signal a quick reversal to 148.10 or lower. I would then exit the entire position and wait for the daily range to retest support.
Debate:
If you are shorting this from 155, where is your invalidation level and why?
Full setup on the chart 👇
🟢 $SPCX /USDT |
Bias: LONG |
Confidence 89%
Entry: 152.67917 – 152.78083 |
SL: 150.63684
TP1: 154.29987 |
TP2: 155.34645 |
TP3: 156.91632
✅ If it plays out:
The 1h price sits at 152.73. If it pushes from this entry zone, I expect it to reach 154.30 first, then extend toward 155.35. The 15-minute RSI at 67.65 still has room before overbought. The 1-hour ATR of 0.87 shows enough momentum to carry the move.
❌ If it fails:
This setup fails if price slices through 150.64 and closes below 147.46, which would wipe the stop and signal a quick reversal to 148.10 or lower. I would then exit the entire position and wait for the daily range to retest support.
Debate:
If you are shorting this from 155, where is your invalidation level and why?
Full setup on the chart 👇
