The BTC strategy shared earlier has successfully captured its profit potential this round. Easy-money opportunities and traps often move in sync, and the market structure at $SPCX is signaling a bearish bias. The moving-average resistance on the four-hour chart remains intact, while rebound highs are stepping lower, showing that buyers have failed to regain control with each attempted comeback. On the one-hour chart, price is trading below both moving averages, with no sign that selling momentum is fading. In this structure, chasing long positions is the real trap.
I’d rather view rebounds as opportunities to build short positions than as the start of a trend reversal. The resistance zone above has been tested repeatedly without being broken, and volume has failed to follow through, indicating limited buying support. A break below the key level would open up room to the downside; scaling out in stages is the more prudent approach. $SPCX
🔴 Trade direction: Short
📍 Entry range: 132.86826 – 133.47464
🛑 Stop loss: 140.14787
🎯 Take profit 1: 127.93914
🎯 Take profit 2: 124.45093
🎯 Take profit 3: 119.21862
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 👇
I’d rather view rebounds as opportunities to build short positions than as the start of a trend reversal. The resistance zone above has been tested repeatedly without being broken, and volume has failed to follow through, indicating limited buying support. A break below the key level would open up room to the downside; scaling out in stages is the more prudent approach. $SPCX
🔴 Trade direction: Short
📍 Entry range: 132.86826 – 133.47464
🛑 Stop loss: 140.14787
🎯 Take profit 1: 127.93914
🎯 Take profit 2: 124.45093
🎯 Take profit 3: 119.21862
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 👇