$SPCX /USDT REJECTING OVERHEAD MOVING AVERAGE RESISTANCE ARE BEARS TARGETING $161.15 NEXT?
Pair: $SPCX /USDT
Direction: SHORT
Entry Price: 168.18
Target Levels (Take Profit)
TP 1: 165.54 1.57%
TP 2: 163.78 2.62%
TP 3: 161.15 4.18%
Stop Loss
๐ SL: 171.70 (+2.09%)
Technical Breakdown
SPCX ($168.17) extended its corrective trend downward following peak rejection near $175.00. The current consolidation around $168.00 shows price struggling to reclaim overhead structure, confirming lower-high dynamics and paving the way for another downside extension.
Price action is capped directly below short-term MA 7 (~168.50) and intermediate MA 25 (~169.50), while testing long-term baseline MA 99 (~163.00). The bearish alignment of MA 7 and MA 25 overhead acts as dynamic resistance against any upward recovery attempts.
RSI (14) remains weak below the 50.00 mid-line (hovering near 45.00), signaling persistent seller control and lack of bullish momentum. The MACD histogram bars continue printing below the zero line, keeping the bias tilted toward a breakdown into lower support targets.
$SPCX
Pair: $SPCX /USDT
Direction: SHORT
Entry Price: 168.18
Target Levels (Take Profit)
TP 1: 165.54 1.57%
TP 2: 163.78 2.62%
TP 3: 161.15 4.18%
Stop Loss
๐ SL: 171.70 (+2.09%)
Technical Breakdown
SPCX ($168.17) extended its corrective trend downward following peak rejection near $175.00. The current consolidation around $168.00 shows price struggling to reclaim overhead structure, confirming lower-high dynamics and paving the way for another downside extension.
Price action is capped directly below short-term MA 7 (~168.50) and intermediate MA 25 (~169.50), while testing long-term baseline MA 99 (~163.00). The bearish alignment of MA 7 and MA 25 overhead acts as dynamic resistance against any upward recovery attempts.
RSI (14) remains weak below the 50.00 mid-line (hovering near 45.00), signaling persistent seller control and lack of bullish momentum. The MACD histogram bars continue printing below the zero line, keeping the bias tilted toward a breakdown into lower support targets.
$SPCX
