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Alert sounded! SPCX surged violently over the past hour, shorts are being "tortured"!
In the face of the trend, all technical indicators become invalid; follow the trend to prosper.
A strong unilateral upward movement on the one-hour chart. The price has completely broken away from the 216-220 consolidation range, driven by massive buy orders, pushing straight toward the $228 resistance level.
The liquidation map is shocking! As the price skyrocketed, short stop-loss orders above were densely triggered, forming a typical "long squeeze." Smart money overview shows that the main funds hold absolute dominance, with a profit ratio as high as 81.88%. Currently, the market is in a crazy stage of "shorts not dying, the rally not stopping," with retail short positions becoming the main target for the big players during trading.
SpaceX's soaring valuation has fueled Elon Musk-themed coin frenzy, and market sentiment is extremely greedy. The top spot on the entire network's liquidation list proves the shorts' despair at this moment.
Trading Strategy
Long positions near 212 - 214; target around 225 - 230;
Short positions near 230 - 228
I think the market driven by whale leverage looks lively but is actually dangerous. The current rally is entirely driven by shorts being forced out; the sentiment has reached a $SPCX breaking point.