The ONDO strategy setup we shared earlier played out as expected, and this round closed with a solid profit. As the sell signal appears, $SPCX the market structure is starting to show its hand. The four-hour and one-hour moving average groups are both sloping downward, with price held below the EMA50 and EMA200. This is not a level where you should casually go long.

The four-hour RSI is near 40, and selling momentum is still holding. The rebound looks more like an opportunity for bears to take the lead. The zone above is a supply area that price tested repeatedly before but failed to break through. If volume fails to pick up as price approaches, that would confirm the structure. The daily chart reads as range-bound, but the shorter-term trend is consistently bearish: four out of five signals point down. This confluence deserves respect.

There is, of course, a risk of a rebound. Buyers occasionally emerge at the bottom of the range, so only enter near the upper boundary—don’t chase in the middle.

🔴 Trade direction: Short
📍 Entry range: 137.90605 – 138.09384
🛑 Stop loss: 139.49089
🎯 Take profit 1: 136.88174
🎯 Take profit 2: 136.13626
🎯 Take profit 3: 135.01805

Take in 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 👇