📉 SPCX — CONSOLIDATION & MOVING AVERAGE TIGHTENING! 🔻
$SPCX (Space Exploration Technologies Corp.) is trading lower at 163.74 (-0.36%, or roughly Rs45,352.71), moving within a tight 24-hour range between a high of 164.46 and a low of 160.92. Price action on this 4-hour chart displays a sideways consolidation phase just above the local base, currently holding right across the fast MA(7) (163.30) while resting below the MA(25) (166.49) and firmly above the macro structural MA(99) (156.58) band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 165.00–168.00 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 170.50
🎯 TP1: 157.00
🎯 TP2: 151.50
Are you watching for a range breakout on SPCX, or waiting for a clearer directional trend to develop? Let's discuss below! 👇
👉 Trade: $SPCX
#SPCX #SpaceX #cryptotrading #BinanceSquare #bearish
$SPCX (Space Exploration Technologies Corp.) is trading lower at 163.74 (-0.36%, or roughly Rs45,352.71), moving within a tight 24-hour range between a high of 164.46 and a low of 160.92. Price action on this 4-hour chart displays a sideways consolidation phase just above the local base, currently holding right across the fast MA(7) (163.30) while resting below the MA(25) (166.49) and firmly above the macro structural MA(99) (156.58) band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 165.00–168.00 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 170.50
🎯 TP1: 157.00
🎯 TP2: 151.50
Are you watching for a range breakout on SPCX, or waiting for a clearer directional trend to develop? Let's discuss below! 👇
👉 Trade: $SPCX
#SPCX #SpaceX #cryptotrading #BinanceSquare #bearish