$SPCX Shorts are backed into a corner! Is 180 bucks dead or alive?



​“Market conditions are unforgiving, and the main players are driven by greed. Fellow traders, I am Bai Yue.

SPCX one-hour trend, the main players are causing trouble. Technical analysis:​ Price climbed from 175 to 177-180, all above are moving averages pressing down, 180 is the critical point, breaking through counts, failing to break results in a fall.
Liquidation map:​ From 180 to 182 are all yellow bars, shorts are backed into a corner, whenever the price rises slightly, chain liquidations happen, this is a short squeeze.
News perspective:​ The largest short position is 21.03 million USD, average price 192, now only 178, trapped and dead. Big players will definitely push the market to save themselves, retail investors follow along.

Trading strategy
Short near 180-175, target around 170-160
Long near 160-165

For longs already held, it is recommended to reduce positions in batches around 180; for those not entered, avoid chasing high.
#Gate直通韩股股票 #Gate最新储备金证明
SPCX-1.61%
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