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$SPCX triggered a significant short liquidation event, forcing bearish traders to cover positions as price extended its move higher.
The liquidation-driven rally has reinforced bullish momentum and confirms that buyers remain firmly in control of the current market structure.
EP
208.00 - 212.00
TP
TP1 218.00
TP2 228.00
TP3 245.00
SL
202.00
Liquidity was taken above recent highs, clearing a substantial cluster of short positions and adding fresh buy-side pressure to the market.
The strength of the squeeze suggests sellers are being forced out aggressively, while buyers continue to defend higher price levels.
As long as price remains above the reclaimed breakout zone, the bullish structure stays intact and favors continuation toward higher resistance levels.
A decisive move above 218.00 could attract additional momentum traders and accelerate the push toward the next liquidity targets.
The repeated short liquidations highlight persistent bullish strength, keeping $SPCX among the strongest momentum plays currently on the radar.
Let’s go $SPCX