๐ $SPACEX FALLING KNIFE โ SELL-SIDE LIQUIDITY STILL IN PLAY ๐ด
Entry: 112.55 โก
Target: 107.01 ๐ฏ
๐จ Price action continues to respect the downtrend from the 225.64 all-time high, with the IPO price of 135 acting as a formidable resistance. ๐ Volume expanded on the 3.32% drop yesterday, confirming aggressive distribution. The lockup expiry on August 6th threatens a 20% supply overhang โ thatโs institutional-sized selling pressure waiting to hit the books.
๐ก The 107.01 low was swept intraday and barely held, suggesting smart money may be hunting stops below before a true capitulation move. With earnings due August 4th, any disappointment could accelerate the breakdown. ๐ฌ Are you positioning for a retest of the lows or expecting a dead-cat bounce into the lockup event? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #SPACEX #Bearish #ShortSetup #Lockup #StockMarket
๐ด ๐
Entry: 112.55 โก
Target: 107.01 ๐ฏ
๐จ Price action continues to respect the downtrend from the 225.64 all-time high, with the IPO price of 135 acting as a formidable resistance. ๐ Volume expanded on the 3.32% drop yesterday, confirming aggressive distribution. The lockup expiry on August 6th threatens a 20% supply overhang โ thatโs institutional-sized selling pressure waiting to hit the books.
๐ก The 107.01 low was swept intraday and barely held, suggesting smart money may be hunting stops below before a true capitulation move. With earnings due August 4th, any disappointment could accelerate the breakdown. ๐ฌ Are you positioning for a retest of the lows or expecting a dead-cat bounce into the lockup event? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #SPACEX #Bearish #ShortSetup #Lockup #StockMarket
๐ด ๐