SPCX falls below 190! The bears continue to eat meat, bottom-fishing traders, don’t rush to catch the falling knife! Once the trend is established, don’t guess the top, and don’t bottom-fish either; following the trend is the way to eat well. Yesterday, Celestial Strategies called for a short at 207–210, and today it directly broke below 190, those who kept up with the rhythm have taken big profits! So now the question is: continue short or bottom-fish? Celestial Strategies breaks it down clearly for you.

News: No positive news, only panic. Yesterday, US stocks and SpaceX closed lower, signs of high-level selling became more obvious. Today, the market shows no new news to stimulate, it’s in a vacuum period, buying is exhausted, selling dominates, and sentiment remains bearish without any washout.
Technical: 1-hour bearish arrangement, weakening further, the BOLL middle band has been completely broken, price sliding down along the lower band, MACD shows a dead cross below, green volume bars still expanding, RSI1 is oversold, but oversold doesn’t mean an immediate rebound; a decline is the most frightening. The bearish trend is complete, with no reversal signals.
Liquidation data + smart money: Bulls are still running, liquidation data speaks volumes — 18.75 million liquidated in 24 hours, with longs losing 14.55 million, only 4.2 million in shorts, bulls are being bloodied. On the smart money side, long positions decreased from 75M to 66M, profit ratio dropped from 64% to 37%, many longs can’t hold on and are cutting losses. Short profit ratio rose to 73%, shorts are earning more and more comfortably.
Personal opinion: aggressive traders should short directly at the current price of 190, while conservative traders wait for a rebound to 195 without breaking to enter short, with targets first at 185, and if it breaks below, then 180. Don’t bottom-fish! Remember, in a downtrend, every rebound is an opportunity to short, not a chance to bottom-fish! #我的Gate交易时刻 $SPCX