SPCX is declining on the hourly timeframe, while the daily trend is moving sideways.
🔴 Short $SPCX /USDT: Price is expected to fall
Bias: Short · Slight bias
Entry: 148.81901 – 149.16099
TP1: 145.71429 (-2.2%)
TP2: 143.53049 (-3.7%)
TP3: 140.25478 (-5.9%)
Stop loss: 153.35761 (+2.9%)
Plan: Enter only within the range, take half the position at TP1, then move the stop loss to the entry price.
Note: Confidence is only moderate, so keep your position size small.
Why short? 3/11 signals are aligned, with no opposing signals.
• The hourly trend is bearish (price is below EMA50 and EMA200)
• Momentum favors sellers (4-hour RSI is at 25.4). Underperforming BTC (−2.20% over 24 hours compared with BTC)
In simple terms:
The hourly price is below the 50- and 200-period EMAs, and the 4-hour RSI is at 25.4, meaning momentum currently favors sellers. The short setup looks valid, but the daily trend is range-bound and the 4-hour trend is mixed, so confidence is moderate. The entry range is 148.81901 to 149.16099.
Where do you see the invalidation level at 153.35761 being hit?
The chart with all levels is below.
To trade, click here 👈🏻 $SPCX 👇🏻 Happy trading 🌟
🔴 Short $SPCX /USDT: Price is expected to fall
Bias: Short · Slight bias
Entry: 148.81901 – 149.16099
TP1: 145.71429 (-2.2%)
TP2: 143.53049 (-3.7%)
TP3: 140.25478 (-5.9%)
Stop loss: 153.35761 (+2.9%)
Plan: Enter only within the range, take half the position at TP1, then move the stop loss to the entry price.
Note: Confidence is only moderate, so keep your position size small.
Why short? 3/11 signals are aligned, with no opposing signals.
• The hourly trend is bearish (price is below EMA50 and EMA200)
• Momentum favors sellers (4-hour RSI is at 25.4). Underperforming BTC (−2.20% over 24 hours compared with BTC)
In simple terms:
The hourly price is below the 50- and 200-period EMAs, and the 4-hour RSI is at 25.4, meaning momentum currently favors sellers. The short setup looks valid, but the daily trend is range-bound and the 4-hour trend is mixed, so confidence is moderate. The entry range is 148.81901 to 149.16099.
Where do you see the invalidation level at 153.35761 being hit?
The chart with all levels is below.
To trade, click here 👈🏻 $SPCX 👇🏻 Happy trading 🌟