🚀 SPCX JUST SENT ANOTHER WARNING TO THE BEARS

🟢 $63.5K SHORT LIQUIDATED
📍 Liquidation Level: $174.71

This is getting interesting. 👀

SPCX has already delivered a powerful momentum move, with the underlying stock closing at $171.09 on Oct. 5 after gaining 7.63%, while the tokenized/perpetual market has continued trading around the $171–$172 area.

And now another batch of shorts has been forced out around $174.71.

🔥 MY NEXT-MOVE MAP

⚔️ $174.70–$175 → Immediate breakout battlefield
🚀 $178–$180 → First momentum objective
🎯 $185–$190 → Expansion zone if buyers stay aggressive
🛡️ $170–$171 → Key near-term defense
⚠️ Below $168 → Momentum starts losing its grip

📈 MY OPINION: BULLISH ABOVE $175

A clean push through $175, followed by a successful retest, could trigger another round of short covering and potentially send SPCX toward $180 → $185+.

There's also a fresh catalyst behind the move: SpaceX has been rallying after bullish analyst commentary, including Morgan Stanley reiterating an Overweight view and a $300 price target.

But don't confuse momentum with certainty.

If SPCX repeatedly fails near $175 and loses $170, I'd expect a cooldown before considering another upside attempt.

🎯 My preferred structure:

Break $175 → Retest → Hold → Momentum extension 🚀

$63.5K liquidated is the fuel.

Now $175 is the gate. Let's see if the bulls can kick it open. ⚡

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