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$SPCX | 1h | Range Rejection Short
Bias: Short
Entry Zone: 163.20 to 163.70
Stop Loss: 165.10
Targets:
TP1: 161.90
TP2: 160.30
TP3: 158.60
Invalidation:
Close above 164.40
Why This Setup:
I’m seeing price stall after a failed push into the 168-170 area, with lower highs forming and momentum fading back into the range. I prefer a short on any weak retest of resistance, since the move is still trading below the recent swing supply and downside liquidity sits first around 161.9 then 160.3.
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