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$SPCX | 1H | Bearish Rejection / Breakdown
Bias: Short
Entry Zone: 177.00 to 178.20
Stop Loss: 181.10
Targets:
TP1: 174.00
TP2: 171.40
TP3: 167.80
Invalidation:
Close above 181.10
Why This Setup:
I see a clear breakdown from a tight sideways range after a strong selloff, and the latest bounce failed to reclaim the 180-181 area. I’m looking for continuation lower as long as price stays below the broken support and sellers keep defending the retest.