$SPCX has just pushed through a major structural breakout area, so the short signal is occurring against a currently bullish higher-timeframe structure. That makes this a potential liquidity-rejection/scalp setup rather than an automatic trend reversal. Recent technical analysis identifies $162–163 as important support and $176–181 as the next resistance/liquidity band.
SwingTradeBot +1
Support: $162.3 / $153.5
Resistance: $176.2 / $181.2
Next Target: $162.3 → $153.5 if rejection confirms
For bears, the ideal confirmation is a failed breakout/rejection followed by a break back beneath the recent structure. If price accepts above $176, the short thesis becomes increasingly vulnerable.
Let’s go $SPCX
SwingTradeBot +1
Support: $162.3 / $153.5
Resistance: $176.2 / $181.2
Next Target: $162.3 → $153.5 if rejection confirms
For bears, the ideal confirmation is a failed breakout/rejection followed by a break back beneath the recent structure. If price accepts above $176, the short thesis becomes increasingly vulnerable.
Let’s go $SPCX