$SPCXB : Major Support Breakdown Confirmed on $SPCXB Higher Timeframes
SHORT SETUP SPCXB
Entry: $162.400 - $162.550
Stop Loss: $168.200
Take Profit: $151.025 (2R)
Key Levels: Support $161.590 | Resistance $165.460
Technical Analysis for $SPCXB : Price sits below EMA9, EMA21 and EMA50, with EMA200 barely higher, signaling a downtrend. MACD is negative, RSI at 39 and Stochastic K below 30 show weakening momentum. Orderbook imbalance favors sellers. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is marginally bullish on the 24h chart, but SPCX shows bearish pressure despite a broadly positive market breadth.
SHORT $SPCXB
SHORT SETUP SPCXB
Entry: $162.400 - $162.550
Stop Loss: $168.200
Take Profit: $151.025 (2R)
Key Levels: Support $161.590 | Resistance $165.460
Technical Analysis for $SPCXB : Price sits below EMA9, EMA21 and EMA50, with EMA200 barely higher, signaling a downtrend. MACD is negative, RSI at 39 and Stochastic K below 30 show weakening momentum. Orderbook imbalance favors sellers. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is marginally bullish on the 24h chart, but SPCX shows bearish pressure despite a broadly positive market breadth.
SHORT $SPCXB