📉 $SPCX OVEREXTENDED INTO SUPPORT: WAITING FOR THE RELIEF BOUNCE TO RELOAD SHORTS! 🚨
Entry: 136.3 – 136.61 ⚡
Target: 133.22 🎯
Stop Loss: 140.78 🛑
The macro momentum is firmly controlled by sellers as the 4H EMA stack cascades downward with ADX holding 30.8. 📊 However, chasing the tape right here is flawed execution when price is stretched 3.6 ATR below its hourly mean and RSI sits oversold at 27.2.
💡 Disciplined capital waits for an exhaustion bounce straight into the 136.3 – 136.61 overhead supply pocket. Once the counter-trend bid absorbs and rejects, the path of least resistance points directly back down. 🔍
💬 Are you trying to scalp the long bounce or waiting to short the supply test? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SPCX #ShortSetup #PriceAction #FuturesTrading
🎯 🦈
Entry: 136.3 – 136.61 ⚡
Target: 133.22 🎯
Stop Loss: 140.78 🛑
The macro momentum is firmly controlled by sellers as the 4H EMA stack cascades downward with ADX holding 30.8. 📊 However, chasing the tape right here is flawed execution when price is stretched 3.6 ATR below its hourly mean and RSI sits oversold at 27.2.
💡 Disciplined capital waits for an exhaustion bounce straight into the 136.3 – 136.61 overhead supply pocket. Once the counter-trend bid absorbs and rejects, the path of least resistance points directly back down. 🔍
💬 Are you trying to scalp the long bounce or waiting to short the supply test? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SPCX #ShortSetup #PriceAction #FuturesTrading
🎯 🦈
