$SPCXB : Major Support Breakdown Confirmed on $SPCXB Higher Timeframes
SHORT SETUP SPCXB
Entry: $144.000 - $144.200
Stop Loss: $149.500
Take Profit: $133.300 (2R)
Key Levels: Support $140.400 | Resistance $145.240
Technical Analysis for $SPCXB : Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. MACD is negative and below its signal line, while ADX at 47 shows a strong trend. RSI at 34 and Stochastic K at 19 indicate oversold momentum, and orderbook imbalance favors sellers. The structure points short. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and the broader market is largely negative, with 92.6% of assets red.
SHORT $SPCXB
SHORT SETUP SPCXB
Entry: $144.000 - $144.200
Stop Loss: $149.500
Take Profit: $133.300 (2R)
Key Levels: Support $140.400 | Resistance $145.240
Technical Analysis for $SPCXB : Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a downtrend. MACD is negative and below its signal line, while ADX at 47 shows a strong trend. RSI at 34 and Stochastic K at 19 indicate oversold momentum, and orderbook imbalance favors sellers. The structure points short. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and the broader market is largely negative, with 92.6% of assets red.
SHORT $SPCXB