Just lost 47% of the profit, $SPCX was cut at the intraday high of 228, now rebounded back to 211.


24-hour trading volume of 3,165 million indicates the market is not dead, but the divergence between volume and price makes the trend dangerous:
In the 61-point fluctuation from a high of 228 to a low of 167, the bulls started to increase volume and slow down above 200.
If today closes below 207, there is a high probability of retesting the 187-193 range tomorrow morning.
Trading plan: The aggressive traders now lightly hold long positions, set stop-loss at 204.5, with the first target at 222, and the second at 228.
Conservative traders wait for a retest around 195 to buy, with stop-loss below 189.
Total position should not exceed 12% of total funds; this asset's 24-hour volatility exceeds 35%, heavy positions can't withstand shakeouts.
If within three hours the price does not break above 216, the upward momentum is invalidated, and reduce half of the position immediately.
Lessons from veteran traders: chasing high leads to death before breakout, bottom-fishing leads to death in consolidation.
Watch the volume closely; if volume increases and price drops, withdraw immediately.
SPCX21.97%
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