SPCX long looks overextended but the stack holds

🟢 LONG $SPCX /USDT: expecting price to go UP
Bias: LONG · Leaning

Entry: 159.00798 – 159.03202
TP1: 159.38917 (+0.2%)
TP2: 159.63528 (+0.4%)
TP3: 160.00445 (+0.6%)
SL: 158.52777 (-0.3%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why LONG? Leaning call, 5/11 signals agree, 1 against, 5 undecided.
• 4h trend: price > EMA50 > EMA200, bullish stack → the swing trend is up
• 1h trend: price > EMA50 > EMA200, bullish stack → the short-term trend is up
• 4h RSI: 74.4, bullish momentum (above 55) → buyers have the momentum
Risk: Distance from 1h EMA50: +9.2 ATR from the 1h EMA50, overextended with pullback risk → price ran far above its average, a pullback is likely

Q: Why go long when the 1h price is already far above its average?
A: The 1h trend shows price above EMA50 and EMA200, and the 4h trend shows the same bullish stack.

Q: When is this trade wrong?
A: If price drops back to the 1h EMA50, a pullback is likely because distance from EMA50 is 9.2 ATR.

What is your invalidation level for SPCX, and where would you add if a pullback hits?

Chart with every level below.

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