The real showstopper often comes after a period of calm. After $SPCX broke above its previous consolidation range on strong volume on the four-hour timeframe, it pulled back to retest the breakout. Structurally, the lows have been rising gradually, with solid volume confirmation. The price is now consolidating in a narrow range above a key support zone, and selling pressure is being absorbed quickly—an encouraging sign that holders are staying put.
I see this pullback as a buildup of momentum rather than a sign of weakness. As long as price holds above the support below, there’s a good chance it will break upward into open space. Going long at this level offers a favorable risk-reward ratio, so it’s worth watching closely.
🟢 Trade direction: Long
📍 Entry range: 161.00 – 157.00
🛑 Stop loss: 156.00
🎯 Take profit 1: 1634.03
🎯 Take profit 2: 166.00
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SPCX
Click below to trade 👇
I see this pullback as a buildup of momentum rather than a sign of weakness. As long as price holds above the support below, there’s a good chance it will break upward into open space. Going long at this level offers a favorable risk-reward ratio, so it’s worth watching closely.
🟢 Trade direction: Long
📍 Entry range: 161.00 – 157.00
🛑 Stop loss: 156.00
🎯 Take profit 1: 1634.03
🎯 Take profit 2: 166.00
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SPCX
Click below to trade 👇