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$SPCX The same 1000U outcome can be worlds apart! The person who bought at 207 yesterday is now down 12%, while the one who bought at 178 is already laughing out loud. I am a PK analyst, today I’m using SPCX to battle myself—going all-in on both long and short positions, see who gets liquidated first.
Round one: 24-hour price change. SPCX dropped 12.66%, from 207 down to 178, a big bearish candle directly pierced through. The bears made a killing, the bulls bleeding heavily. PK conclusion: bears win.
Round two: trading volume. 3,871M volume, increased during the sharp decline, indicating selling pressure hasn't fully cleared. But there’s support around 178, or else it wouldn’t rebound from 178.34. Bulls and bears are fighting here, volatility skyrocketing. PK conclusion: buy signal, but very high risk.
Round three: price battle. 179.77 just sits at the lower end of the 177-180 range. If it can’t hold 177, next stop is 160; if it rebounds and breaks 186, the bears will be forced out. I lean toward a short-term rebound because RSI is oversold, but the overall trend remains bearish. PK conclusion: light long position around 178, stop loss at 172, target 185, position size limited to 2%.
Round four: bloodsucking effect. SPCX drops, but other altcoins are worse, indicating funds haven't left, just a shakeout. But I remind you: the 24h low was 178.34, now it’s 179.77, only 1.5% away from breaking down. If it falls below 177 tomorrow morning, close longs immediately—don’t hold on stubbornly.
Final decision: enter long in the 178.5-180.5 range, stop loss at 172, take profit at 185.5, don’t exceed 2% position size. If it breaks below 177, switch to short with a target of 170. If you pick wrong, don’t blame me—same 1000U, some sleep and make 30%, others wake up and lose 40%. Which side will you choose? Place your bet in the comments.