$SPCX Breaks below 160! The bear market celebration is far from over, see 140!

The decline shows no bottom, quick to die when trying to bottom fish.

Old Zhang directly says—don’t be fooled by the “low price” at 155 into catching a flying knife! This wave dropped from 210, brothers who shorted between 207-210 have already made a killing, but the real show is still to come, 140 is just the first stop.

Why does it still fall? Look at the neighboring SpaceX, it crashed 16% in a single day, 400 billion USD just disappeared, the market is smashing everyone now. SPCX’s 1-hour candlestick chart looks even worse, the price is pressed against the BOLL lower band, rubbing on the ground, unable to even form a decent rebound, this is called a “death spiral.”

Even more brutal is the capital situation—main players have long stopped playing! Don’t be fooled by the total holdings of 210 million, the bulls’ average cost is 174.6, now they are losing 5.38 million, stubbornly holding without cutting. What about the bears? 170.88 million chips at a cost, floating profit of 19.27 million, happily smashing away. As long as the bulls don’t admit defeat, the bears will keep smashing until they blow them out.

Old Zhang’s trading advice: aggressive traders near 151 should go short directly, keep your brakes ready.
For those wanting to bottom fish, wait until 130-140 for a light position, don’t be reckless now.

Remember, the decline shows no bottom, the bear feast has just begun!

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