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$SPCX (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 162.20 - 163.00
Targets:
TP1: 160.20
TP2: 158.80
TP3: 157.20
Stop Loss: 164.20
Why this Setup:
I’m watching for a failed push back into the range highs, since price is still trading below recent supply and the bounce has not shown strong follow-through. I want a short only if price rejects this area and rolls back under 161.50, with downside targets into the prior intraday support zones.