Elon Musk is my biological father! I made 200k yuan in one night, can SPCX still be operated? Hurry and take a look.

1. Straight to the answer: Yes, you can short! Let’s not talk about whether it’s overhyped; the key point is that SpaceX will continue to unlock VC and institutional quotas, and concerns about selling pressure are already enough to cause a downward push. So the question is, where to short, where to take profits?
2. If shorting, the resistance is very clear, around 170-180. The short-term support level is above the listing price of 150, and each time you short to 155 or 160, you can take profits. But I think after a few weeks of cooling down, SpaceX might test the strong support at $135, which is the IPO price. If it breaks below, it’s a delisting, and there’s no turning back.
3. The two previous short positions have already been taken profit on. I now plan to continue entering in batches to short, setting up short positions above 170, and then placing another short near 190 as a defensive measure, which is very necessary.
4. Because if the hype really causes a surge, shorting above 190 to raise the average price and then re-entering after a pullback will allow me to exit without loss, as it will definitely pull back near the 200 mark. So, shorting is one thing, but you also need to think ahead, even though the probability is low.
5. Those who have previously traded can also refer to our actions, because we have already shorted twice. That’s right! Twice, not once. As shown in the chart, yesterday we shorted at 175 first, then again at 173 in the early morning, just like with $94 crude oil—repeated shorting until Elon Musk’s fans realize reality.
6. After all, ideals can’t be eaten, especially in the capital market. Conversely, making money in the crypto world isn’t difficult, as long as you have enough data knowledge or follow the right people, there’s no problem. So congratulations to everyone on successfully shorting SPCX, making a name for yourself, and reaching new heights! Shu Qin