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✅ Suggested $SPCX Long Setup
Pair: SPCX/USDT Perpetual
Current price: ~166.5 (after -8.3% today)
Direction: Long (bounce play)
Entry: 166.0 – 167.5 (current dip / market)
Stop Loss: 164.0 (tight, below today’s low ~165.7)
TP1: 170
TP2: 175
TP3: 182 (today’s high / previous resistance)
Risk/Reward: ~1:2 to 1:4+
Leverage: 5-8x max (keep position small)
Risk per trade: 0.5-1% of capital
Why long?
Heavy post-IPO + bond issuance selloff flushed out weak hands today. Retail inflows noted on the dip. $165 area acting as short-term support. Potential relief bounce if it holds + volume returns.