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$SPCX (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 163.20 - 164.10
Targets:
TP1: 161.20
TP2: 159.80
TP3: 157.40
Stop Loss: 166.20
Why this Setup:
I’m seeing price reject the recent mid-range area after a weak bounce, and I want to short failed recovery attempts while momentum stays capped. The structure still looks heavy, so I’m targeting a move back toward the lower range support if sellers keep control.