$SPCX reabsorbing over the $163.54 after the rejection and strong selloff from $175.00. Everything is decided in the key support zone at $161.50.
• Zone: defend the $161.50 support on this 4H candle.
• Invalidation: a close below confirms the trap and looks for a floor at $158.00.
• Target: bounce back toward the intermediate resistance at $169.50.
Will it hold the defense at $161.50 or will the drop extend to the lower level? 📈
#stock
• Zone: defend the $161.50 support on this 4H candle.
• Invalidation: a close below confirms the trap and looks for a floor at $158.00.
• Target: bounce back toward the intermediate resistance at $169.50.
Will it hold the defense at $161.50 or will the drop extend to the lower level? 📈
#stock