📢
$SPCXB / $USDT | 🔴 SHORT | ⭐ 71.3%
🎯 Target: $133.81. Is it still falling?
🎯 Trading levels:
🟢 Entry: $135.42
🛑 Stop Loss: $136.38
🏁 TP1: $133.81
🏁 TP2: $133.49
🏁 TP3: $132.85
📉 Analysis:
The asset
$SPCXB shows a bearish market structure, with price trading below the EMA20 and EMA50 moving averages, confirming clear selling pressure. The ADX at 27.18 indicates a bearish trend with moderate strength, while the MACD shows a bearish crossover with a negative histogram, reinforcing the downward momentum in the short term. The volume profile shows the POC (Point of Control, the level with the highest traded volume) far above the current price, suggesting a lack of buyer interest at this level.
⚖️ Risk/Reward: 1:1.68
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The bearish thesis is invalidated if price breaks above $136.38, a level where the technical structure would lose its bearish bias. It’s essential to monitor volume behavior at the $134.17 support to confirm whether price can break it with strength or if buying absorption appears.
Do you think the current volume is enough to break the $134.17 support?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #SPCXB #trading #Futures #Bearish