$SPCX - SHORT conviction building (x75)
Quick lesson from $SPCX on reading RSI in two timeframes.
RSI at 46 on the 1-hour and 32 on the 4-hour means sellers hold control but nothing is stretched yet.
Ever watched a quiet 65% volume candle turn into a bigger move?
Setup:
Entry: 137.35–137.41
TP1: 137
TP2: 136.7
TP3: 136.4
SL: 137.75
⚠️ Personal market insight, not investment advice. DYOR.
Quick lesson from $SPCX on reading RSI in two timeframes.
RSI at 46 on the 1-hour and 32 on the 4-hour means sellers hold control but nothing is stretched yet.
Ever watched a quiet 65% volume candle turn into a bigger move?
Setup:
Entry: 137.35–137.41
TP1: 137
TP2: 136.7
TP3: 136.4
SL: 137.75
⚠️ Personal market insight, not investment advice. DYOR.
