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$SPCX (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 181.20 - 181.65
Targets:
TP1: 180.20
TP2: 179.35
TP3: 178.10
Stop Loss: 182.40
Why this Setup:
I’m leaning short because price is stalling after a sharp breakdown and is now compressing just under a clear local resistance band. I want to fade any weak bounce back into 181.20-181.65, with downside likely to continue if buyers can’t reclaim the recent range.