🚨 $SPCX Short Setup — Breakdown Retest & Lower High Resistance
SPCX (Space Exploration Technologies pre-market token) experienced a sharp breakdown on the 1H timeframe, sweeping local lows down to 135.65. While the price has mounted a quick bounce back up to 139.69, it is heading directly into overhead supply and broken support around 141.00 – 143.00. Unless buyers can reclaim and hold above 144.00, this bounce presents a lower-high retest for further downside movement.
📍 Short Entry: 140.00 – 142.50
🎯 TP1: 137.00
🎯 TP2: 135.00
🎯 TP3: 131.50
🛑 Stop Loss: 145.20
⚠️ Note: Rebound candle is active following a sudden drop. Look for seller rejection wicks around the 141–142 resistance zone before entering to confirm the bearish continuation.
Keep leverage low, protect your capital, and manage risk strictly.
Let the price confirm the setup — not the FOMO. 📈
👇 Click below to open the trade
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