đ $SPCX BUY SIGNAL đ | WATCH THIS SUPPORT ZONE!
$SPCX is trading around $149.51, up approximately 4.72% on the screen. After moving toward the $151.20 area, the price has pulled back and is now testing an important short-term support zone. đ
The next move depends on whether buyers can defend support and push the price back above the Bollinger middle band.
đ SPCX Technical Analysis (5M)
đą Entry Zone: $149.20 â $149.50
đŻ TP1: $149.95
đŻ TP2: $150.50
đŻ TP3: $150.90 â $151.20
đ Stop Loss: $148.75
Key Levels to Watch
* Support: $149.20 â $149.25
* Resistance: $149.95 â $150.00
* Major resistance: $150.50 â $151.20
đ My Strategy:
I would watch for a bullish bounce around $149.20â$149.50 before entering. A strong 5-minute candle close above $149.96, preferably with increasing volume, would provide better confirmation of a recovery.
â ïž If SPCX breaks below $149.20, the setup becomes weaker. A move below $148.75 invalidates this trade idea.
đĄ Remember: The chart shows a pullback, not a confirmed reversal. Wait for confirmation rather than chasing the price. This is a short-term technical setup, not a guaranteed profit signal.
What do you think? Will SPCX bounce toward $150.50, or could sellers push it lower? đ
#SPCX #CryptoTrading #TradingSignal #TechnicalAnalysis #BinanceSquare #DYOR
$SPCX is trading around $149.51, up approximately 4.72% on the screen. After moving toward the $151.20 area, the price has pulled back and is now testing an important short-term support zone. đ
The next move depends on whether buyers can defend support and push the price back above the Bollinger middle band.
đ SPCX Technical Analysis (5M)
đą Entry Zone: $149.20 â $149.50
đŻ TP1: $149.95
đŻ TP2: $150.50
đŻ TP3: $150.90 â $151.20
đ Stop Loss: $148.75
Key Levels to Watch
* Support: $149.20 â $149.25
* Resistance: $149.95 â $150.00
* Major resistance: $150.50 â $151.20
đ My Strategy:
I would watch for a bullish bounce around $149.20â$149.50 before entering. A strong 5-minute candle close above $149.96, preferably with increasing volume, would provide better confirmation of a recovery.
â ïž If SPCX breaks below $149.20, the setup becomes weaker. A move below $148.75 invalidates this trade idea.
đĄ Remember: The chart shows a pullback, not a confirmed reversal. Wait for confirmation rather than chasing the price. This is a short-term technical setup, not a guaranteed profit signal.
What do you think? Will SPCX bounce toward $150.50, or could sellers push it lower? đ
#SPCX #CryptoTrading #TradingSignal #TechnicalAnalysis #BinanceSquare #DYOR