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$SPCX (1H) - Range Bounce Long
Bias: Long
Entry (Zone): 179.70 - 180.40
Targets:
TP1: 181.20
TP2: 183.10
TP3: 185.40
Stop Loss: 177.90
Why this Setup:
I’m treating this as a short-term bounce off the current consolidation after the sharp selloff, with price holding near the 180 area and showing signs of compression. I want entry on a reclaim of the local range so I can ride a move back toward the nearest resistance levels while keeping risk defined below the recent lows.