$SPCX 146.24, -1.95%. It doesn’t look like it’s fallen much, but some people in the futures market are already getting restless.
The disagreement between bulls and bears is written all over the order book: spot selling isn’t particularly heavy, but leveraged positions are being cut, and the funding rate is moving from positive toward zero. Bulls don’t dare add, and bears aren’t chasing either—a classic standoff. I’m watching the 145 level: if it breaks below and can’t recover, the short-term structure is shot, and I’ll stop out; if it holds and moves above 148, I’ll add to my position.
I haven’t made a move yet. I have a limit order to buy at 145.5, and I’ll add another position above 148. The longer the standoff lasts, the more decisive the eventual move will be.
#SPCXBullBearDivergence #SPCX
The disagreement between bulls and bears is written all over the order book: spot selling isn’t particularly heavy, but leveraged positions are being cut, and the funding rate is moving from positive toward zero. Bulls don’t dare add, and bears aren’t chasing either—a classic standoff. I’m watching the 145 level: if it breaks below and can’t recover, the short-term structure is shot, and I’ll stop out; if it holds and moves above 148, I’ll add to my position.
I haven’t made a move yet. I have a limit order to buy at 145.5, and I’ll add another position above 148. The longer the standoff lasts, the more decisive the eventual move will be.
#SPCXBullBearDivergence #SPCX