SPCX has a lean long setup worth a second look

🟢 LONG $SPCX /USDT: expecting price to go UP
Bias: LONG · Leaning

Entry: 158.99377 – 159.08623
TP1: 160.58144 (+1.0%)
TP2: 161.60907 (+1.6%)
TP3: 163.15051 (+2.6%)
SL: 156.98474 (-1.3%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why LONG? Leaning call, 4/11 signals agree, 1 against, 6 undecided.
• 4h trend: price > EMA50 > EMA200, bullish stack → the swing trend is up
• 1h trend: price > EMA50 > EMA200, bullish stack → the short-term trend is up
• Trend strength (ADX/DI, 15m): ADX 52.0 with buyers in control (DI+ 33.1 vs DI− 13.8) → buyers are driving the move
Risk: 4h RSI: 77.4, overbought: strong but stretched → price ran hot, pullbacks are common from here

Q: Why long when the 4h trend is range and RSI is overbought?
A: The 4h bullish stack shows the swing trend is up, so range does not cancel the setup.

Q: What would make this long wrong?
A: A 1h close below 158.99377, since price ran 6.6 ATR above its 1h average and pullbacks are common.

Where would you place your stop if you took this long, and why?

Levels mapped on the chart below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.