๐จ SPCX SHORTS ARE GETTING TRAPPED ABOVE $176!
๐ข SHORT LIQUIDATED: $92.1K
๐ Liquidation Price: $176.30
Another short position just got wiped โ and this one is happening right around a fresh momentum zone. โก
SPCX closed at $171.09 on Oct. 5 after ripping 7.63%, with a session high of $172.47. Pre-market trading on Oct. 6 was also above $173, showing buyers are still pressing the tape.
๐ฅ THE BULL CASE
$176.30 โ Immediate squeeze trigger
๐ $180 โ First psychological target
๐ฏ $185โ$190 โ Next expansion area
๐ $200 โ Bigger momentum objective
๐ก๏ธ $171โ$173 โ Near-term support
โ ๏ธ Below $170 โ Squeeze momentum starts losing strength
๐ MY VIEW: BULLISH ABOVE $176
If SPCX can break $176.30, hold it, and build support above the level, Iโd favor another upside leg toward $180 โ $185, with $190 possible if short covering accelerates.
The backdrop remains supportive: Morgan Stanley has maintained an Overweight rating and a $300 target, while analysts are watching the upcoming Starship Flight 15 catalyst.
But don't confuse a squeeze with a guaranteed breakout.
โ Failed breakout + loss of $171 = caution
โ $176 reclaim + successful retest = momentum continuation
๐ฏ SIGNAL STRUCTURE:
Break $176.30 โ Retest โ Hold โ $180 โ $185+ ๐
๐ฅ $92.1K just disappeared from the short side.
Now the battlefield has shifted higher.
Can SPCX turn $176 into the launchpad for the next leg? ๐๐ฅ
#BinanceLaunchesBinanceIntelligence #EvernorthXRPTreasuryCompletesSPACMerger #ETHUp70%InQ3ButLiquidityFalls #EthStakingExitQueueHits2026High #FedOctoberHoldOdds82.3%
๐ข SHORT LIQUIDATED: $92.1K
๐ Liquidation Price: $176.30
Another short position just got wiped โ and this one is happening right around a fresh momentum zone. โก
SPCX closed at $171.09 on Oct. 5 after ripping 7.63%, with a session high of $172.47. Pre-market trading on Oct. 6 was also above $173, showing buyers are still pressing the tape.
๐ฅ THE BULL CASE
$176.30 โ Immediate squeeze trigger
๐ $180 โ First psychological target
๐ฏ $185โ$190 โ Next expansion area
๐ $200 โ Bigger momentum objective
๐ก๏ธ $171โ$173 โ Near-term support
โ ๏ธ Below $170 โ Squeeze momentum starts losing strength
๐ MY VIEW: BULLISH ABOVE $176
If SPCX can break $176.30, hold it, and build support above the level, Iโd favor another upside leg toward $180 โ $185, with $190 possible if short covering accelerates.
The backdrop remains supportive: Morgan Stanley has maintained an Overweight rating and a $300 target, while analysts are watching the upcoming Starship Flight 15 catalyst.
But don't confuse a squeeze with a guaranteed breakout.
โ Failed breakout + loss of $171 = caution
โ $176 reclaim + successful retest = momentum continuation
๐ฏ SIGNAL STRUCTURE:
Break $176.30 โ Retest โ Hold โ $180 โ $185+ ๐
๐ฅ $92.1K just disappeared from the short side.
Now the battlefield has shifted higher.
Can SPCX turn $176 into the launchpad for the next leg? ๐๐ฅ
#BinanceLaunchesBinanceIntelligence #EvernorthXRPTreasuryCompletesSPACMerger #ETHUp70%InQ3ButLiquidityFalls #EthStakingExitQueueHits2026High #FedOctoberHoldOdds82.3%