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$SPCX (1h) - Range Breakdown Short
Bias: Short
Entry (Zone): 191.00 - 193.00
Targets:
TP1: 188.80
TP2: 186.10
TP3: 182.20
Stop Loss: 199.20
Why this Setup:
I’m looking for a rejection from the 191-193 area after the recent spike and failed follow-through. Price is still losing momentum inside a broad range, so I want to fade strength into resistance and catch a move back toward the lower range levels.