$SPCX Fake breakout with genuine distribution, all the bulls are just fuel!

SPCX's hourly head and shoulders top has formed, breaking below the MA7 and MA25 moving averages with a death cross—this rebound is just a trap to lure buyers, targeting straight at 180!

Longs are floating a loss of 722K, liquidation walls are at 190-192.

On-chain data: average long cost is 193.47, current price is trapped, liquidation map shows long positions and stop-loss orders piled up at 190-192—once it drops below 190, a chain of liquidations will smash through the floor! And short positions are profitable at a ratio of 68.98%, smart money has already positioned, are you still blindly long?

Positive funding rate of 0.03% = longs are paying shorts every day.

Funding rate remains positive, long positions have high holding costs, once the market reverses, the liquidation cascade will be extremely brutal!

Mige's dual-direction trading advice:

Enter short at 191-193, go short on rebound at current price; enter long on oversold rebound near 180-182.

Although there is short liquidation selling pressure at 208-210 above, it’s unlikely to be reached in the short term—prioritize short, rebounds are just giving away money!

After an 800% surge, SPCX profit-taking is surging, SpaceX’s valuation can’t support this price anymore. Don’t get blinded by FOMO, follow the smart money and go short—this wave, take 50% profit first!

If it breaks below 190, add to short positions, target 180!

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