๐ $SPCX SHORT SQUEEZE ALERT โ BEARS ARE UNDER PRESSURE!
๐ข $52.9K in Short Positions Liquidated at $136.44!
SPCX just delivered a notable blow to bearish traders as $52.9K worth of short positions were wiped out at $136.44. This liquidation activity suggests that sellers may be facing increasing pressure, potentially opening the door for a bullish momentum shift.
๐ My Market Outlook:
If SPCX maintains strength above $136.44 and buyers continue stepping in, a further upside move could develop. However, failure to hold this area may trigger a pullback as the market searches for fresh support.
๐ฏ Trading Strategy:
- Bullish confirmation: Sustained price action above $136.44.
- Watch for: Increasing volume and continued buying pressure.
- Risk signal: Rejection near the liquidation zone.
๐ฅ The key question: Will bulls turn this short squeeze into a bigger rally?
Stay alert, manage leverage carefully, and wait for confirmation before entering a position.
#spcx
#TradingSignals
#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #WillAnthropicListOnTime
๐ข $52.9K in Short Positions Liquidated at $136.44!
SPCX just delivered a notable blow to bearish traders as $52.9K worth of short positions were wiped out at $136.44. This liquidation activity suggests that sellers may be facing increasing pressure, potentially opening the door for a bullish momentum shift.
๐ My Market Outlook:
If SPCX maintains strength above $136.44 and buyers continue stepping in, a further upside move could develop. However, failure to hold this area may trigger a pullback as the market searches for fresh support.
๐ฏ Trading Strategy:
- Bullish confirmation: Sustained price action above $136.44.
- Watch for: Increasing volume and continued buying pressure.
- Risk signal: Rejection near the liquidation zone.
๐ฅ The key question: Will bulls turn this short squeeze into a bigger rally?
Stay alert, manage leverage carefully, and wait for confirmation before entering a position.
#spcx
#TradingSignals
#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #WillAnthropicListOnTime