SpaceX flushed to $134.72 (-6.4%), its lowest close since August, as the Binance hack raised fears of a forced SPCX sale.
- Yi He: revenue covers the losses, no need to sell the SPCX stake for now. CZ also said he never said selling.
- Overhang fading = relief fuel
- Support at $134.5; summer low is far below at ~$105
- Reclaim $140 > $147 > $150
• Street targets are still ~$220+
Dips into support are where bulls load. Reclaim $140 on volume and the squeeze is on.
"Not yet" isn't "never." If a sale is ever announced, expect a sharp drop. Watch funding and OI, and keep leverage tight.
$SPCXB #SPCXUSDT
Not financial advice. Futures trading carries high risk.
- Yi He: revenue covers the losses, no need to sell the SPCX stake for now. CZ also said he never said selling.
- Overhang fading = relief fuel
- Support at $134.5; summer low is far below at ~$105
- Reclaim $140 > $147 > $150
• Street targets are still ~$220+
Dips into support are where bulls load. Reclaim $140 on volume and the squeeze is on.
"Not yet" isn't "never." If a sale is ever announced, expect a sharp drop. Watch funding and OI, and keep leverage tight.
$SPCXB #SPCXUSDT
Not financial advice. Futures trading carries high risk.