$SPCX | 🔴 SHORT — Sellers are in control, but watch out for a rebound
$SPCX is showing bearish momentum on the 1H timeframe, with the price below EMA50 and EMA200. The 15-minute ADX is at 38.7, indicating a strong downtrend, but the 4H RSI is only 16.7 — deeply oversold, so the risk of a technical bounce is fairly high.
📍 SHORT Plan
* Entry: 148.39694 – 149.12306
* TP1: 143.25069 (-3.7%)
* TP2: 139.57781 (-6.2%)
* TP3: 134.06850 (-9.9%)
* SL: 156.10575 (+4.9%)
📉 Key points to watch: Only 4/11 signals are aligned, with 1 signal pointing in the opposite direction; the daily trend is still moving sideways, so confirmation is limited. The 1H RSI at 42.0 leans bearish, but the deeply oversold 4H RSI is a risk to consider. Prefer waiting for the price to rebound to the Entry zone, keep position size small, and avoid chasing the downward momentum.
Take 50% profit at TP1, then move the SL to the entry point. If the price reaches 156.10575, the SHORT setup is no longer valid.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇
$SPCX is showing bearish momentum on the 1H timeframe, with the price below EMA50 and EMA200. The 15-minute ADX is at 38.7, indicating a strong downtrend, but the 4H RSI is only 16.7 — deeply oversold, so the risk of a technical bounce is fairly high.
📍 SHORT Plan
* Entry: 148.39694 – 149.12306
* TP1: 143.25069 (-3.7%)
* TP2: 139.57781 (-6.2%)
* TP3: 134.06850 (-9.9%)
* SL: 156.10575 (+4.9%)
📉 Key points to watch: Only 4/11 signals are aligned, with 1 signal pointing in the opposite direction; the daily trend is still moving sideways, so confirmation is limited. The 1H RSI at 42.0 leans bearish, but the deeply oversold 4H RSI is a risk to consider. Prefer waiting for the price to rebound to the Entry zone, keep position size small, and avoid chasing the downward momentum.
Take 50% profit at TP1, then move the SL to the entry point. If the price reaches 156.10575, the SHORT setup is no longer valid.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇