$SPCX Rolls Over From the Spike High Sellers Testing the Breakdown
Pair: $SPCX /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 169.00 – 169.50
Take Profit:
- TP1: 166.96 +6%
- TP2: 165.43 +10%
- TP3: 163.14 +15%
Stop Loss: 172.32
Chart Structure:
- SPCX spiked sharply from ~151 to a ~176 high, then rolled over into a steady decline, breaking below MA7 and now testing the MA25 from below
- RSI 14 spiked into the 80s during the rally (extremely overbought) and has since cooled into the low-40s, showing momentum has clearly shifted after the extreme
- MACD crossed negative with the histogram flattening after a strong positive stretch during the rally confirms the shift, though the decline is beginning to level out
- Price just broke below the MA25 with the latest candles, a level that had supported the consolidation through the prior session
- Stop placed above the recent local high at the risk-area boundary, capping risk if the breakdown fails
$SPCX
Pair: $SPCX /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 169.00 – 169.50
Take Profit:
- TP1: 166.96 +6%
- TP2: 165.43 +10%
- TP3: 163.14 +15%
Stop Loss: 172.32
Chart Structure:
- SPCX spiked sharply from ~151 to a ~176 high, then rolled over into a steady decline, breaking below MA7 and now testing the MA25 from below
- RSI 14 spiked into the 80s during the rally (extremely overbought) and has since cooled into the low-40s, showing momentum has clearly shifted after the extreme
- MACD crossed negative with the histogram flattening after a strong positive stretch during the rally confirms the shift, though the decline is beginning to level out
- Price just broke below the MA25 with the latest candles, a level that had supported the consolidation through the prior session
- Stop placed above the recent local high at the risk-area boundary, capping risk if the breakdown fails
$SPCX
