Opportunities and traps often look like twins, and $SPCX is exactly the kind of market setup that makes you hesitate. The price is pinned down by a cluster of moving averages on the hourly chart, and even when it bounces, it can't hold its ground. Honestly, this kind of price action doesn't inspire confidence in chasing a long. Looking at the structure, the moving averages are stacked overhead, creating layers of resistance. Selling momentum is still building, and the bounce looks more like an opportunity for bears to get into position.
Personally, I lean toward following the downward pressure rather than trying to call a bottom. Keep your position size light and manage risk carefully. Don't rush to buy the dip before the structure turns.
🔴 Trade direction: Short
📍 Entry range: 145.68059 – 145.93675
🛑 Stop loss: 149.31448
🎯 Take profit 1: 143.17932
🎯 Take profit 2: 141.42641
🎯 Take profit 3: 138.79706
No need to chase the wind—the wind will settle in its own time.
Stand alongside Sister Li, and let every moment resonate.
#SPCX
Click below to trade 👇
Personally, I lean toward following the downward pressure rather than trying to call a bottom. Keep your position size light and manage risk carefully. Don't rush to buy the dip before the structure turns.
🔴 Trade direction: Short
📍 Entry range: 145.68059 – 145.93675
🛑 Stop loss: 149.31448
🎯 Take profit 1: 143.17932
🎯 Take profit 2: 141.42641
🎯 Take profit 3: 138.79706
No need to chase the wind—the wind will settle in its own time.
Stand alongside Sister Li, and let every moment resonate.
#SPCX
Click below to trade 👇