$SPCXB has been grinding through a volatile range on the 1-hour chart, recently pulling back from its mid-range highs to test lower structure near $144.37.
The price is approaching a key horizontal demand zone situated around the $140.00 – $140.80 region, which aligns with major historical support where buyers previously initiated strong expansions.
The technical roadmap projects a final sweep into this lower demand zone to capture liquidity before initiating a sharp reversal wave toward the overhead resistance block near $148.50 – $150.00.
Buying into the current choppy decline offers a poor risk profile, making a patient entry off the lower support floor the cleanest play.
#Macro Insights# #RWA
The price is approaching a key horizontal demand zone situated around the $140.00 – $140.80 region, which aligns with major historical support where buyers previously initiated strong expansions.
The technical roadmap projects a final sweep into this lower demand zone to capture liquidity before initiating a sharp reversal wave toward the overhead resistance block near $148.50 – $150.00.
Buying into the current choppy decline offers a poor risk profile, making a patient entry off the lower support floor the cleanest play.
#Macro Insights# #RWA
