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$SPCX (1h) - Range Breakdown Short
Bias: Short
Entry (Zone): 164.00 - 164.40
Targets:
TP1: 162.20
TP2: 160.60
TP3: 158.60
Stop Loss: 166.20
Why this Setup:
I see price grinding back into the upper end of the range after a sharp rebound, but the structure still favors a lower high if momentum fades here. I want the short on a rejection from resistance, with a clean move back through the mid-range and then toward the prior swing lows.