$SPCXB : Volume Decreases on Rally: Weak Buyers Exposed
SHORT SETUP SPCXB
Entry: $164.800 - $165.500
Stop Loss: $171.300
Take Profit: $152.850 (2R)
Key Levels: Support $159.860 | Resistance $165.950
Technical Analysis for $SPCXB : Price sits near the 24hour high with RSI 78.5 and Stochastic K 97, indicating overbought conditions. MACD remains bullish and ADX 46 confirms a strong trend, but orderbook imbalance shows more sell pressure. A break below the 1H/4H support at 159.86 would validate the short. Watch for a reversal if price recaptures the 165.95 resistance.
Market Context: BTC is in a bullish trend on both 4H and 1D frames, and the broader market is broadly positive.
SHORT $SPCXB
SHORT SETUP SPCXB
Entry: $164.800 - $165.500
Stop Loss: $171.300
Take Profit: $152.850 (2R)
Key Levels: Support $159.860 | Resistance $165.950
Technical Analysis for $SPCXB : Price sits near the 24hour high with RSI 78.5 and Stochastic K 97, indicating overbought conditions. MACD remains bullish and ADX 46 confirms a strong trend, but orderbook imbalance shows more sell pressure. A break below the 1H/4H support at 159.86 would validate the short. Watch for a reversal if price recaptures the 165.95 resistance.
Market Context: BTC is in a bullish trend on both 4H and 1D frames, and the broader market is broadly positive.
SHORT $SPCXB
