$SPCX Oversold Bounce or More Downside Ahead?

$SPCX has experienced a sharp correction after reaching the $181 region, with sellers taking control and pushing the price toward the $165 support zone. Despite the strong sell-off, buyers have started defending lower levels, hinting at a possible short-term recovery if momentum returns.
Trading Setup: 📍 Entry: $167 – $170
🎯 TP1: $175
🎯 TP2: $180
🎯 TP3: $188
🛑 Stop Loss: $163
The recent decline has created uncertainty, but oversold conditions often attract opportunistic buyers. A successful hold above support could trigger a relief rally, while a breakdown may open the door for further downside.
⚠️ Position sizing and risk control matter more than chasing volatility. Never risk more than you can afford to lose.
Is this the final shakeout before a recovery, or will bears continue to dominate the trend?
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