💥 A positive earnings report sends $SPCX soaring in an instant?
Guys, the rocket long position I opened last night already hit its target, and I locked in profits~ But behind this surge, there’s often a quiet wave of profit-taking. Short-term good news can’t change the trend, and once the good news is priced in, it can turn bearish. Looking at the chart, the price surged to 166 before forming a long upper wick, which indicates strong selling pressure above. Profit-taking is clearly underway, and buyers who chased the rally are now stuck at the top. Volume increased, but the price failed to hold at the highs—a classic spike-and-pullback pattern. Short-term bullish momentum is starting to fade!
At the current price of 156, you could open a short position, with a target of 148–145 and a stop-loss at 160. What do you think of this move?
#火箭
Guys, the rocket long position I opened last night already hit its target, and I locked in profits~ But behind this surge, there’s often a quiet wave of profit-taking. Short-term good news can’t change the trend, and once the good news is priced in, it can turn bearish. Looking at the chart, the price surged to 166 before forming a long upper wick, which indicates strong selling pressure above. Profit-taking is clearly underway, and buyers who chased the rally are now stuck at the top. Volume increased, but the price failed to hold at the highs—a classic spike-and-pullback pattern. Short-term bullish momentum is starting to fade!
At the current price of 156, you could open a short position, with a target of 148–145 and a stop-loss at 160. What do you think of this move?
#火箭