$SPCX | SHORT Setup From $147
I’m opening a SHORT around $147 and looking for a controlled move lower from this area. The key for me is keeping the invalidation clear rather than chasing the trade if price moves against the setup.
Trade Plan:
Entry: $147
Stop Loss: $149
Take Profit: $140
As long as price remains below $149, I’ll maintain the short bias. A clean move toward $140 would confirm that sellers are gaining control and give the setup its intended risk-to-reward profile.
If $149 is reclaimed with strength, I’ll consider the setup invalid and step aside rather than forcing the position.
My view: SHORT from $147, with $140 as the main downside target and $149 as the level that tells me I’m wrong.
#BankOfRussiaToLimitRetailCryptoFromSep1 $SPCX
I’m opening a SHORT around $147 and looking for a controlled move lower from this area. The key for me is keeping the invalidation clear rather than chasing the trade if price moves against the setup.
Trade Plan:
Entry: $147
Stop Loss: $149
Take Profit: $140
As long as price remains below $149, I’ll maintain the short bias. A clean move toward $140 would confirm that sellers are gaining control and give the setup its intended risk-to-reward profile.
If $149 is reclaimed with strength, I’ll consider the setup invalid and step aside rather than forcing the position.
My view: SHORT from $147, with $140 as the main downside target and $149 as the level that tells me I’m wrong.
#BankOfRussiaToLimitRetailCryptoFromSep1 $SPCX