91 arrogant short-sellers are about to lose their entire net worth on $SPCX , and I am stepping in to take their money!
The market setup on $SPCX is a textbook death trap for bears. Over 88.35 Million is trapped in short positions, bleeding a devastating 2.77 Million+ in unrealized losses. To make matters worse for them, the negative funding rate is forcing these bleeding shorts to pay longs every single funding interval. Meanwhile, 75 smart money longs are comfortably sitting on pure green profits from an average entry of 138.69. Once these short sellers are forced to buy back to cover their massive losses, we will see a parabolic short squeeze rocket. I am going long right now before the nuclear breakout triggers!
Here is my personal execution plan for this setup:
My Entry Zone: 140.00 - 141.50
TP1: 145.00
TP2: 152.00
TP3: 165.00
SL: 134.00
The market setup on $SPCX is a textbook death trap for bears. Over 88.35 Million is trapped in short positions, bleeding a devastating 2.77 Million+ in unrealized losses. To make matters worse for them, the negative funding rate is forcing these bleeding shorts to pay longs every single funding interval. Meanwhile, 75 smart money longs are comfortably sitting on pure green profits from an average entry of 138.69. Once these short sellers are forced to buy back to cover their massive losses, we will see a parabolic short squeeze rocket. I am going long right now before the nuclear breakout triggers!
Here is my personal execution plan for this setup:
My Entry Zone: 140.00 - 141.50
TP1: 145.00
TP2: 152.00
TP3: 165.00
SL: 134.00