SPCX faces bearish pressure despite a range-bound daily trend.

🔴 SHORT $SPCX /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 151.01443 – 151.26557
TP1: 148.49469 (-1.8%)
TP2: 146.73114 (-2.9%)
TP3: 144.08583 (-4.7%)
SL: 154.66709 (+2.3%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why SHORT? 4/11 signals agree, 1 against.
• 1h trend down (below EMA50 & EMA200)
• Sellers are driving the move (15m ADX 22.8)
• Sellers have the momentum (4h RSI 42.0)
Risk: Range bottom, buyers often step in (RSI z −2.29)

Why I like it:
The 1h price is below the EMA50 and EMA200, showing a bearish stack. Sellers are driving the move with an ADX of 22.8 and DI minus at 25.8. The 15-minute RSI sits at 37.89, confirming sellers are in control.

Where would you set your invalidation level on this setup?

Full setup on the chart below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.