SPCX has the sellers in control

๐Ÿ”ด SHORT $SPCX /USDT: expecting price to go DOWN
Bias: SHORT ยท Strong

Entry: 152.53394 โ€“ 153.00606
TP1: 149.83033 (-1.9%)
TP2: 147.87056 (-3.2%)
TP3: 144.93089 (-5.1%)
SL: 156.68956 (+2.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.

Why SHORT? 6/11 signals agree, 0 against.
โ€ข 4h trend down (below EMA50 & EMA200)
โ€ข Sellers are driving the move (15m ADX 29.7)
โ€ข Sellers have the momentum (1h RSI 40.7)

Bear path:
If the idea works, the 1h price drops toward the 1h EMA50 with sellers driving the move.

What kills it:
If the 1h RSI breaks above 45, the setup is invalid and I would exit the short immediately.

Where would you place your invalidation level?

Full setup on the chart below.

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โš ๏ธ Personal market analysis only. NFA โ€” 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.