$SPCX doesn’t need a Tesla-style 70% crash before the next move.
Tesla had deep drawdowns, but SpaceX is still in fresh IPO price discovery with massive volume and options flow.
Key levels:
Hold $195-$200, bulls stay alive.
Break $225, momentum continues.
Lose $160, IPO hype starts cracking.
For now, this is not a normal chart. This is hype, scarcity, Elon premium, and momentum all moving at once.