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From ✅Shu Qin Live Trading ✅ Latest News
SPCX
Direction: Short - Low leverage
Entry: Around 175-180
Confidence level: Medium
Leverage: 1x
Position size: 10%
Take profit: 1: around 165 (for stability) Point 2: around 140
Stop loss: Wait until after the market opens to see the situation.
Reason: SPCX contract market is seriously overvalued by 35% compared to IPO price, which is profitable.
Note: Do not place orders at integer levels, as they are hard to execute. Place orders slightly below resistance zones for easier execution. Currently, due to many fake breakouts and fake breakdowns, to prevent such situations, we set stop-loss a bit higher, lower the risk-reward ratio, and significantly increase the win rate for trading.
🚨Information sharing, not investment advice! 🚨
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