Market Setup โ Which Trade Are You Taking?
Three very different setups on the chart right now
๐ $SPCX โ Strong bullish structure and trading above MA(7), MA(25) and MA(99). Momentum is positive, but Stoch RSI is already high, so chasing the move could be risky. LONG on a clean breakout/retest looks more interesting.
โ ๏ธ $BLESS โ Price is struggling around the MA(99) area after a sharp rejection. If it fails to reclaim resistance, SHORT could be the setup. A strong breakout above resistance would change the picture.
๐ป $AEON โ Still below the major moving averages with a weak overall structure. If support breaks, sellers could remain in control. SHORT looks more favorable unless price reclaims key resistance.
#MarketSetup #SPCX #BLESS #AEON #DYOR
Three very different setups on the chart right now
๐ $SPCX โ Strong bullish structure and trading above MA(7), MA(25) and MA(99). Momentum is positive, but Stoch RSI is already high, so chasing the move could be risky. LONG on a clean breakout/retest looks more interesting.
โ ๏ธ $BLESS โ Price is struggling around the MA(99) area after a sharp rejection. If it fails to reclaim resistance, SHORT could be the setup. A strong breakout above resistance would change the picture.
๐ป $AEON โ Still below the major moving averages with a weak overall structure. If support breaks, sellers could remain in control. SHORT looks more favorable unless price reclaims key resistance.
#MarketSetup #SPCX #BLESS #AEON #DYOR